COAL & MINES

Coal India arm NCL plans to invest Rs 7K cr in 4 years on capacity building, social infra

Coal India arm NCL is looking to pump in Rs 7,000 crore over the next four years to ramp up production capacity and boost infrastructure at various projects, a company official has said. Northern Coalfields Ltd (NCL) also has plans to enhance social infrastructure that includes building healthcare facilities, community halls and other welfare amenities for its employees and the local population.

“NCL is planning to invest Rs 7,000 crore in the next four years,” according to a company official.

Of this amount, an investment of about Rs 3,000 crore is planned for procurement of heavy earthmoving machines and another Rs 3,000 crore will be used for development of additional coal evacuation-related infrastructure, the official said.

Around Rs 200 crore will be used in developing 50 MW solar power plant, he said.

Source
ET Energy World
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