NCL plans to invest Rs 70 billion in capacity building and evacuation infrastructure

Northern Coalfields Limited (NCL), Coal India Limited’s wholly owned subsidiary, is reportedly planning to invest Rs 70 billion to augment production capacity and infrastructure in different projects over the next four years.

Of this, an investment of about Rs 30 billion is planned for the procurement of heavy earthmoving equipment and an additional Rs 30 billion will be used for the construction of additional coal evacuation infrastructure. The construction of coal-handling plants with a rapid loading facility in its coal projects at Jayant, Dudhichua, Nigahi and Bina, construction of railway sidings and mechanisation of wharf walls are part of the coal evacuation infrastructure. The company also plans to develop a 50 MW solar power plant entailing a cost of Rs 2 billion.

 

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