CIL to invest over Rs 1,220 billion by 2023-24

Coal India Limited (CIL) will invest over Rs 1,220 billion by 2023-24 to achieve the one billion tonnes of fuel output target.

Out of the proposed investment, CIL has planned to invest Rs 326.96 billion on coal evacuation, Rs 251.17 billion on mine infrastructure and Rs 294.61 billion on project development by 2023-24. CIL will also invest Rs 32,199 on diversification and clean coal technologies, Rs 14.95 billion on social infrastructure and Rs 18.93 billion on exploration works. The investment of Rs 1,220 billion will be utilised to fund a total of 500 projects.