| CIL to Invest Rs. 4275 Crore for Increased Coal Production |
| As per the approved Budget Estimates for the Annual Plan 2012-13, the capital investment of CIL for achieving a coal production target of 464.10 million tonnes and dispatch target of 470 million tonnes is Rs. 4275 crore. In addition a budget provision of Rs. 5000 crore has been made for acquisition of assets abroad and Rs. 500 crore for development of Coal Block in Mozambique. This was informed by Shri Pratik Prakashbapu Patil, Minister of State in the Ministry of Coal while replying a written question in Rajya Sabha today. The Minister stated that further the envisaged capital investment in the XII plan of CIL is Rs. 24,400 crore for the period 2012-17. In addition an amount of Rs. 25,000 crore is also envisaged for acquisition of assets abroad and Rs. 10,000 crore for development of Coal Block in Mozambique. |
Monday, September 3, 2012
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