Coal India gets green nod for 17 mining projects

New Delhi, January 28

Advertisement

State-owned Coal India Ltd (CIL) has received green clearances for 17 mining projects, a move that will enable the world’s largest coal miner to achieve one-billion-tonne production target, Coal Minister Pralhad Joshi has said.

“These clearances will add 150 million tonnes of coal in @CoalIndiaHQ kitty in next five years and increase its washing capacity by 25 MTPA enabling the company to achieve 1 billion tonnes of coal production by FY23-24,” he tweeted.

The state-owned company will produce 750 million tonnes of coal in the next financial year, the Coal Ministry had earlier said.

CIL will further produce one billion tonnes of coal by FY2024, it had said.

The PSU is currently given the target of producing 660 million tonnes of coal amounting to 82 per cent of the country’s coal output.

In its annual report 2018-19, the company had said 54 of its coal mining projects were facing delays due to various reasons such as contractual issues and delay in green clearances among others.

“A total of 120 coal projects costing Rs 20 crore and above are in different stages of implementation. Out of which 66 projects are on schedule and 54 projects are delayed,” Coal India had said.

The major reasons for delay in implementation of these projects are delays in obtaining environment clearance, forest clearance, possessions of land and issues related to resettlement and rehabilitation, contractual issues and evacuation facilities among others.

Meanwhile, the company today said it has registered a double-digit production growth of 10.7% in January. The company as a whole has been averaging close to 2 MT per day coal output during the month, it said in a BSE filing. “CIL clocked double-digit growth of 10.7% in coal production for the month of January till 27th,” it said. — PTI

To produce 750m tonnes in FY21

• The state-owned company will produce 750 million tonnes of coal in the next financial year
• Coal India Limited will further produce one billion tonnes of coal by FY2023-24
• It is currently given the target of producing 660 million tonnes of coal amounting to 82% of the country’s coal output
• A total of 120 coal projects costing Rs 20 crore and above are in different stages of implementation