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Investments by CIL to Increase Coal Production |
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| 7-12-2015 | |||||||||||||||||||||||||
Press Information Bureau Government of India Ministry of Coal 07-December-2015 16:21 IST CIL has assessed a tentative capital investment of ₹ 57,000 crores for the next five years to ramp-up its coal production to one billion tonnes by 2019-20 from the production level of 494.80 Mt. in 2014-15. This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy (IC) in a written reply to a question in the Rajya Sabha today. The year-wise tentative capital investment projection is as follows:
In the 12th Plan, target for production of coal set for CIL was as follows:
However, for the year 2013-14, against a target of 482 Mte, only 462 Mte was produced by CIL resulting in a shortfall of 20 Mte. With aggressive focus on increasing coal production since June 2014, against the original targetted increase of 25 Mte from 482 Mte to 507 Mte. in 2014-15, production of CIL actually increased by 32 Mte i.e. 128% more than target thereby covering the gap of 7 Mte in production of the previous year 2013-14. The Minister further stated that the increase of 32 Mte in actual production achieved by CIL in 2014-15 is more than the cumulative increase in production for the previous 4 years of 31 Mte. RM/RS- US806 - RS |
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