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Monday, July 16, 2012

Coal India Ltd to invest on rail infrastructure in three States

Coal India Ltd will be investing Rs 7,500 crore to develop railway infrastructure in Chhattisgarh, Jharkhand and Odisha. These rail lines will be used to evacuate coal from the three States.

Coal India has cash reserves of Rs 58,202.78 crore as on March 30. It has planned a capital expenditure of Rs 30,000 crore during the 12^th Plan.

Chairman and Managing Director of Coal India Ltd – Mr S. Narsing Rao.