Investments by CIL to Increase Coal Production in India
CIL has assessed a tentative capital investment of Rs. 57,000 crores for the next five years to ramp-up its coal production to one billion tonnes by 2019-20 from the production level of 494.80 Mt. in 2014-15. This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy (IC) in a written reply to a question in the Rajya Sabha today.
The year-wise tentative capital investment projection is as follows:
In the 12th Plan, target for production of coal set for CIL was as follows:
However, for the year 2013-14, against a target of 482 Mte, only 462 Mte was produced by CIL resulting in a shortfall of 20 Mte. With aggressive focus on increasing coal production since June 2014, against the original targeted increase of 25 Mte from 482 Mte to 507 Mte. in 2014-15, production of CIL actually increased by 32 Mte i.e. 128% more than target thereby covering the gap of 7 Mte in production of the previous year 2013-14.
The Minister further stated that the increase of 32 Mte in actual production achieved by CIL in 2014-15 is more than the cumulative increase in production for the previous 4 years of 31 Mte.