COAL & MINES

SECL plans 8 projects worth Rs 3,100 crore for improving coal evacuation

Coal India-arm SECL is executing eight ‘first mile connectivity’ projects with an estimated capital outlay of Rs 3,100 crore to evacuate dry fuel, especially incremental production under the proposed plan to scale up the maharatna firm’s output to 1 billion tonnes. The move will also help power plants at farther most locations in northern and western regions to avail recently notified rail concessions for distance beyond 1400 km.

“Company is executing many coal evacuation projects under the First Mile Connectivity (FMC) in order to evacuate coal, especially huge incremental production under proposed 1BT plan….The FMC projects (8nos.) shall be executed with an estimated capital outlay of more than Rs 3,100 crore,” South Eastern Coalfields Ltd (SECL) said in a report.

The company said because of the move, there would be reduction in the cost of landed price of coal at generators end and retain the foreign exchange by substituting the coal imports with abundant domestic supplies, it said.

Source
ET Energy World
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