COAL & MINES

Coal India floats Rs 4970 crore tenders for east-west rail corridor

Coal India Ltd (CIL) has floated two tenders worth Rs 4,970 crore for construction of a 135-Km east-west rail corridor in Chhattisgarh to evacuate 65 million tonnes of coal from opencast mines of its subsidiary South Eastern Coalfields Limited (SECL), sources said.

The tender for east-west rail corridor from Gevra Road to Pendra Road has been floated by a special purpose vehicle (SPV)– Chhattisgarh East West Railway Ltd (CEWRL). Coal India had formed two SPVs for construction of rail lines to evacuate increased quantity from Chhattisgarh. While East West Railway Ltd (CEWRL) will construct the 135-Km railway line, the other SPV called Chhattisgarh East Rail Ltd (CERL) will develop 136-Km east rail corridor at a cost of Rs 3,055 crore. CERL is already partly operational.

The joint venture partners in CEWRL include SECL representing CIL and Ministry of Coal with 64% stake and IRCON representing Indian Railways with 26% stake. Chhattisgarh State Industrial Development Corporation Limited is the third partner chipping in with the rest 10% stake.

Source
ET Energy World
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