Published On:November 3 2014
Story Viewed 1492 Times
Centre puts 90 of Coal India's mining projects worth Rs. 88k crore on fast track.
The government has put 90 of Coal India's nearly 150 greenfield and brownfield mining projects on the fast track, entailing an investment of around Rs. 88,000 crore, in a bid to augment domestic coal supply quickly and ensure uninterrupted power, despite the cancellation of coal block allocations by the apex court.
The coal ministry has sought faster clearances for Coal India Limited or CIL's much-delayed projects, some of which have been on the drawing board for decades and could double its capacity once complete, as this would also allay the apprehensions of the firm's trade unions about its future as the expansion plan would create hundreds of employment opportunities and ensure the behemoth retains its dominant market stature.
HBL