Rail link to help CIL double capacity in Chhattisgarh: CMD by RailXpert on 04 November, 2012 - 03:00 AM | ||
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RailXpert | Rail link to help CIL double capacity in Chhattisgarh: CMD on 04 November, 2012 - 03:00 AM | |
NAYA RAIPUR: State-run Coal India today said it can double its production capacity in Chhattisgarh to 220 million tonnes in the next 5-6 years on establishment of three railway lines."If rail connectivity is established, then in the next 5-6 years production capacity from our subsidiaries would double from the current level of 110 MT (in the state)," CMD Coal India S Narsing Rao told reporters here.The company has planned a capital expenditure of Rs 7,500 crore on building three railway lines. CIL would spend an equal amount on new coal projects after these railway lines come through."If those three railway lines come through, then another Rs 7,500 crore (will be spent) on additional coal mines," Rao said.CIL has fixed a production target of 468.74 million tonnes (MT) for the current fiscal. The off-take target has been fixed at 474.70 MT. Coal India accounts for 80 per cent of the domestic production.It missed its revised 2011-12 production target as it achieved 435.84 MT as against 447 MT. |