Coal India Limited (CIL) Proposes Rs. 25,400 Crore’s Investment for Coal Production

Coal India Limited (CIL) has proposed for an investment/ capital outlay of Rs. 25,400.00 crore for the Twelfth Five Year Plan, the details of which are:

                                                                                                                     Fig. in Rs. Crore

Scheme	XII Plan Investment Proposed
Existing Mines & Completed Projects	4484.62
Ongoing Projects	11385.05
New Projects	2490.94
Sub Total (Mining)	18360.62
Non Mining & Others	7039.38
Grand  Total	25400.00

This information was given by Shri Pratik PrakashBapu Patil, Minister of state for coal in a written reply in Rajya Sabha on March 13, 2013. He said that CIL has proposed an ad-hoc provision of Rs. 35,000 crore for acquisition and development of coal assets abroad during the XIIth Plan period. Out of the aforesaid amount Rs. 10,000 crore has been allotted for exploration and development of 2 allotted coal blocks and creation of logistic infrastructure in Mozambique and the balance Rs.25,000crore has been kept for acquisition and development of coal blocks in other countries like South Africa, Indonesia, Australia, USA, Columbia, etc. The exploration activities are in progress in the allotted two coal blocks in Mozambique. Further, CIL has issued a notice on 27th February, 2013 inviting proposals from investment bankers, owners/ representatives for acquisition of coal assets abroad.  The Minister added that the annual production expected from coal assets acquired / to be acquired abroad would depend upon the specific production potential of each of such coal block or mine. At this stage it will not be possible to estimate the quantity of additional annual coal production arising out of investment of Rs 35,000 crore. The decision regarding use of additional production envisaged and the companies to whom such coal will be sold would depend upon the type/quality of saleable coal available from CIL & mines in Mozambique and other coal assets expected to be acquired in other countries.