Coal India chalks out Rs 59,400-cr capex programme for 12th Five Year Plan

KOLKATA: State-run miner Coal India Ltd (CIL) has developed capex programme worth Rs 59,400 crore for the present 12th Five Year Plan Period ending March, 2017 consisting Rs 25,000 crore for international purchases.

Minister of State for Coal Prakashbabu Patil said in Rajya Sabha, “The envisaged capital investment in the XII (12th) Plan of CIL is Rs 24,400 crore for the period 2012-17, in addition an amount of Rs 25,000 crore is also envisaged for acquisition of assets abroad and Rs 10,000 crore for development of coal block in Mozambique.”

According to approved Budget projections for the Annual Plan 2012-13, CIL's capital investment stands at Rs 4,275 crore for attaining coal output aim of 464.10 million tonnes and also dispatch target of 470 million tonnes.

Although, the company does not allot responsibility of coal output to private firms, some output-related operations are conducted via hiring of equipment by CIL and its arm.