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Eco-Friendly Coal Transport: Coal India's Rs 24,000 Cr Investment

Sep 13, 2023

By: BlinkX Research Team

Coal India Ltd (CIL) is investing a significant amount of Rs 24,000 crore in three stages to enhance the environmentally-friendly transportation of coal. They plan to implement 61 First Mile Connectivity (FMC) projects, collectively capable of handling 763.5 million tonnes of coal annually. These projects will use advanced technology to directly load coal onto rail wagons. This approach is designed to reduce pollution and increase safety.

The first phase of the project will cover 35 projects, out of which eight are already operational. By the end of the financial year 2024, an additional 17 projects are expected to be up and running. The second phase includes nine projects, while the third phase, the most extensive, will see 17 projects. By the end of the financial year 2029, it is anticipated that all 61 projects will be operational, with a combined capacity of 914.5 million tonnes per year.

The stock of Coal India Ltd recently closed at Rs 270.75 on the BSE, showing a decrease of Rs 8.20 or 2.94 percent. This investment is aimed at making coal transportation more efficient, eco-friendly, and beneficial for both the environment and the surrounding communities.