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CIL to invest Rs 25,400 crore during 12th plan

By Religare

CIL to invest Rs 25,400 crore during 12th plan
Country's largest coal producer Coal India has proposed to invest Rs 25,400 crore during 12- Plan Period (2012-17), said Pratik Prakash Bapu Patil, the Minister of State for coal.

In addition, an adhoc provision of Rs 25,000 crore for acquisition of coal assets abroad and Rs. 10,000 Crore for development of coal blocks in Mozambique is proposed in XII Plan period, Patil said in a written reply in Lok Sabha on Tuesday.

Patil said CIL has planned to invest in three major railway infrastructure facilities which are needed for projects in three coalfields. CIL will invest Rs 2345 crore in Tori-Shivpur (Kathotia) rail link, Rs 4000 crore in Mand-Raigarh rail link, and Rs 700 crore in Gopalpur- Manoharpur rail link.

He also said that coal miner faces difficulties in execution of these projects as forestry clearances, environmental clearances, land acquisition & associated R&R and law & order problems remains a big hurdle.

Dion Global Solutions Ltd.

Read more about: coal india
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