Coal India ups investment ante

STATE-OWNED giant Coal India recently announced it would invest US$1.4 billion over the next five years to reach production targets of 445 million tonnes per year by 2011, WMRC Daily reported.
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Courtesy Coal India

Angie Tomlinson

As part of the investment plan the company has identified 10 projects to drive growth, including Mahanadi Coalfields, which would have a target output of 54 million tonnes.

 

The company estimated it had produced just over 306 million tonnes in 2004/04.

 

Coal India contributes around 86% of coal production in India.

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