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Coal India to invest Rs. 26,000 cr towards developing infrastructures in Chhattisgarh in the next 4 years

India CSR by India CSR
August 1, 2020
in News, Prime
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RAIPUR: Coal India Limited (CIL) has planned Rs. 26,000 crores capex for developing infrastructures across Chhattisgarh in the next 4 years, said Union Minister of Coal and Mines Pralhad Joshi.

Interacting with media at Raipur during his visit to Chhattisgarh, Minister said that the investment it will create around 60,000 additional employment for the people of the State.

He added that under commercial coal mining the state will fetch minimum Rs. 4,400 crores revenue in one year and additional minimum premium of Rs. 2000 crores.

Additionally, commercial coal mining will contribute around Rs. 25 crores to the various District Mineral Foundation (DMF) funds of the State which can be used for inclusive development of regions surrounding coalfield areas.

Highlighting the efforts of government in building new infrastructure for rapid & smooth coal evacuation, Shri Joshi said that Chhattisgarh East Railway Limited (CERL), a joint venture of SECL, IRCON & CSIDC is developing a rail corridor. CERL has incurred more than Rs 2,000 crores capex till date.

Union Minister said that Coal Ministry has accepted the suggestion of Chhattisgarh government to change 5 mines with other 3 new mines put under commercial coal auctions in the state.

He added that presently 9 mines have been put for commercial auction in the state.

Union Minister said that Coal Ministry has accepted the suggestion of Chhattisgarh government to change 5 mines with other 3 new mines put under commercial coal auctions in the state. He added that presently 9 mines have been put for commercial auction in the state.

Shri Joshi held meeting with Chhattisgarh Chief Minister Bhupesh Baghel in Raipur. He said that the meeting was very positive, progressive and open minded and issues related to coal & other minerals in the state were discussed. Union Minister added that Chief Minister had given good suggestions on DMF and NMET which will be considered positively.

During the meeting with CM, it was decided to get a proposal by a committee comprising of Coal India, Chhattisgarh government and MAHAGENCO officials in 15 days for shifting of a railway line of Chhattisgarh East Railway Limited (CERL). A proposal in a month will also be submitted by CMPDI and officials of Chhattisgarh government for using mined out lands for dumping fly ash. The state will form a nodal agency to ensure supply of coal to the retail consumers of coal. Discussions were made to contain petty crimes related to coal in the state.

Union Minister reviewed the performance of South Eastern Coalfields Limited (SECL). He acknowledged the hard work done by Coal Warriors during Covid crisis. He interacted with representatives of sponge iron & steel industry.

Also Read: Commercial coal mining will create around 60,000 employment in Chhattisgarh: Union Coal Minister

Also Read: SECL Bilaspur to pay Rs. 22,900 cr as revenue to the CG Govt. in the next 4 years: Coal Minister

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