Coal India to invest Rs 57,000 crore by 2020

KOLKATA: Coal India will invest Rs 57,000 crore by 2020 to more than double annual production to 1 billion tonnes, power and coal minister Piyush Goyal has said. The state-run coal behemoth produced 494 million tonnes of coal in 2014-15.
 
 According to the road map readied by the ministry, Kolkata-headquartered Coal India will invest about Rs 6,000 crore in 2015-16 and Rs 8,282 crore in 2016-17. During 2017-18 and 2018-19, investments are slated to jump to Rs 14,539 crore and Rs 14,635 crore, respectively. In 2019-20, the last year of this planning module, Coal India will invest Rs 13,529 crore. Economic times

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