Financial Daily from THE HINDU group of publications
Friday, Mar 29, 2002
Financial Daily from THE HINDU group of publications Friday, Mar 29, 2002 |
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Industry & Economy
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Coal Corporate - New Projects CIL shortlists 98 new projects for 10th Plan Badal Sanyal
KOLKATA, March 28 THE State-owned Coal India Ltd (CIL) has shortlisted a total of 98 greenfield coal projects which are to be taken up during the Tenth Plan (2002-07), envisaging an investment of about Rs 24,082 crore in a phased manner. The combined annual production from these projects at the optimum level will be about 262 million tonnes. The detailed project reports (DPR) for all the new projects have been finalised, and it is now the responsibility of each subsidiary of CIL to implement these projects. What is interesting is that priorities are once again being given to opencast mines with the objective of augmenting production at a faster rate. Of the total projects shortlisted, about 80 would be in the opencast category while the balance are small underground mines. According to CIL sources, maximum additional production capacity would be created in three subsidiaries, namely Mahanadi Coalfields Ltd (MCL), South Eastern Coalfields Ltd (SECL) and Central Coalfields Ltd (CCL) in anticipation of higher offtake by thermal power stations. A total of 19 projects will be developed in MCL to produce an additional 91 m.t. tonnes of coal. SECL will have a total of 15 projects with combined annual additional production capacity of about 62 m.t., while CCL will create an additional capacity of about 42 m.t. from eight new projects. In fact, Western Coalfields Ltd (WCL) will set up a total of 29 projects targeting a production of about 18 m.t. Eastern Coalfields Ltd (ECL) is to set up a total of 13 projects to produce an additional 24 m.t. of coal, while Bharat Coking Coal Ltd (BCCL) prefers to confine itself to seven projects with a target of additional production of about 10 m.t. Northern Coalfields Ltd (NCL) will take up only seven projects to produce an additional 13 m.t. The sources said although the mine preparation work on the new projects would begin in 2002-03 fiscal, most of the projects would give optimum level of production in the Eleventh Plan. It was, thus, estimated that these projects, out of the total estimated cost of about Rs 24,082 crore, might require only about Rs 6,220 crore during the Tenth Plan. Commensurate to investment, additional production from these projects during the Tenth Plan is envisaged at about 79 m.t.
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