NEW DELHI: State-run Coal India LtdBSE -1.45 % plans to invest Rs 25,400 crore during 2012-17 on its projects in addition to Rs 25,000 crore for acquisition of coal assets abroad and Rs 10,000 crore for development of coal blocks in Mozambique,minister of state for coal Pratik Prakash Bapu Patil said on Tuesday.
The company plans to source heavy mining equipment at a cost of about Rs 8,500 crore, Patil said in a written reply to Lok Sabha
Coal India also plans to invest Rs 7,045 crore in three major railway infrastructure facilities which are needed for transportation of coal from three coalfields. A senior government official said the Cabinet Committee on Infrastructure (CCI) has recently approved the investment in the rail networks in Auranga, Korba and Sundergarh.
However, Coal India faces difficulties in securing forest and environmental clearances, land acquisition and associated rehabilitation and law and order problems in execution of many of its projects.
In order to expedite the clearances matters related to environmental, forest issues and rail infrastructure are regularly followed up at various levels and meetings are held to sort out pending issues. Ministerial level meetings are held with the ministries of railways,environment and forests to expedite clearances and execution of work.
Also, forest officials are contacted on regular basis at district and t ehsillevel
Proposed rail lines and investment:-
( Rs. in Crores)