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Coal India Limited (CIL) has issued letters of acceptance for seven coal projects to be pursued through Mine Developer and Operator engagement (MDO) model.
CIL met 99.7% of the progressive production target in the month.
Previously, he worked for Indian Oil Corporation as Executive Director (Gas).
CIL's CAPEX increased to Rs3,034 crore in April-June 22 from Rs1,841 crore in April-June 21, resulting in a Rs1,193 crore volume increase.
CIL had previously put out a short-term indent-based worldwide competitive bid for 2.416 million tonnes (MTs) of coal to be sourced from Overseas on behalf of State gencos and Independent Power Plants (IPPs) for blending with domestic coal.
The goal is for UG production to significantly complement OC output. At the present rate, mineable coal reserves at existing OC will begin to decline gradually.
The company had accelerated its production to 26.4 MTs during the first half of April’22 registering 27 percent year-on-year growth.
Mahanadi Coalfields is a subsidiary of Coal India Limited.
Going past the MoU target of Rs14,695 crore this represents a 101% achievement.
CIL strives to meet its despatch commitment to the country's power stations as the supply numbers indicate.
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