Investments by CIL to Increase Coal Production

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..... Investments by CIL to Increase Coal Production - News and Press Release Dated:- 7-12-2015 - News - Press Information Bureau Government of India Ministry of Coal 07-December-2015 16:21 IST CIL has assessed a tentative capital investment of ₹ 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 o .....

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..... f 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: CIL 2015-16 2016-17 2017-18 2018-19 .....

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..... 2019-20 Total Capital investment (Rs.Crores) 5990.5 8282 14539 14635 13529 56975.50 say 57000 In the 12 th Plan, target for production of coal set for CIL was as follows: Year Production Target in Mt .....

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..... 2012-13 464.10 2013-14 482.00 2014-15 507.00 2015-16 550.00 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 .....

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..... coal production since June 2014, against the original targetted 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 cumu .....

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..... lative increase in production for the previous 4 years of 31 Mte. RM/RS - US806 - RS - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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