COAL & MINES

Coal India to invest Rs 15,700 crore to create first-mile connectivity, check details

After zeroing in on 35 projects to create first-mile connectivity (FMC) for transporting coal, Coal India (CIL) has identified 14 additional projects under its FMC initiative, facilitating mechanised loading and transporting of more than 506 million tonne (mt) per annum. CIL at present does mechanised handling of 151 mtpa; this will witness a more than four-fold increase once all the 49 projects come into operation.

The 35 projects brought under Phase 1 has a capacity of handling 4 mtpa each and will be executed by 6 subsidiaries. The six subsidiaries together will infuse Rs 12,300 crore for all the projects. The 14 projects brought under Phase 2 will be executed by four subsidiaries and together will infuse another Rs 3,400 crore, with a total handling capacity of 100.05 mtpa.

Source
financial express
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