Coal India Limited is planning to invest about Rs 6000 Crs towards capital expenditure in the next fiscal and an equal amount on augmenting other infrastructure, including rail connectivity.
According to a filing to BSE, CIL and its subsidiaries are proposing to invest around Rs 6,000 crore in 2015-16 towards capital expenditure. Further, an amount of around Rs 6,000 crore has been earmarked by CIL for railway and other infrastructure development for 2015-16.
CIL also unveiled its roadmap, of strategies to be adopted, to attain the one billion tone coal production by 2019-20.
With the projected coal demand of the country hovering around 1,200 million tonnes (MTs) by 2019-20, at an envisaged growth rate of 7 per cent, CIL is expected to chip in one billion tonnes, of which, 908 million tonnes is the expected contribution from the identified projects.
The two CIL subsidiaries---Mahanadi Coalfields Ltd and South Eastern Coalfields Ltd (SECL) are expected to play a pivotal role in its quest of attaining the one BT production with 250 million tonnes and 240 million tonnes respectively, he said.
In the biggest ever disinvestment exercise, the government in January sold 10 per cent stake in Coal India for about Rs 22,600 crore.
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