CIL to invest Rs 19.65 billion to boost its railway infrastructure

Coal India Limited (CIL) has planned to invest Rs 19.65 billion in rail infrastructure to boost its annual transportation capacity by an additional 330 million tonnes by 2024.

CIL will construct rail links and set up joint ventures (JVs) to boost its infrastructure. It is constructing three railway lines in Central Coalfields Limited and Mahanadi Coalfields Limited at an investment of Rs 79.94 billion to transport 170 million tonnes annually. Additionally, it has formed four joint ventures with Chhattisgarh, Jharkhand and Odisha at a capital outlay of Rs 11.66 billion which would help move 160 million tonnes of coal.