Coal India Ltd has lined up another set of new investments for setting up coal washeries. The public sector company which planned around Rs 2,500 crore earlier for setting up washeries is now planning to invest another Rs 3,500 crore.
N C Jha, CMD, Coal India, said the company has planned 20 washeries at an investment of around Rs 2,500 crore, with a capacity of 111 MT. “Now we plan to invest another Rs 3,500 crore on more washeries.”
He noted, the company produces 431 million tonnes currently, of which 10 per cent are sold through e-auction barring rest has to be washed and sold. According to Jha, through washing the company plans to improve the supply quality of coal to the customers, since it will have 7-8 per cent of Ash rejection.
He added, these washieries would help the company increase the quality of coal which the company offers and will also help get better prices.According to CIL, the company’s products are 50 per cent cheaper than imported coal and CIL has the scope to increase the price.
According to industry estimates coal washeries are estimated to be a $5 billion opportunity in India. According to Jha, the present capacity for washing coal in the country is 130 MT, mostly with the private operators, and utilisation is around 40 per cent only.
N C Jha, CMD, Coal India, said the company has planned 20 washeries at an investment of around Rs 2,500 crore, with a capacity of 111 MT. “Now we plan to invest another Rs 3,500 crore on more washeries.”
He noted, the company produces 431 million tonnes currently, of which 10 per cent are sold through e-auction barring rest has to be washed and sold. According to Jha, through washing the company plans to improve the supply quality of coal to the customers, since it will have 7-8 per cent of Ash rejection.
He added, these washieries would help the company increase the quality of coal which the company offers and will also help get better prices.According to CIL, the company’s products are 50 per cent cheaper than imported coal and CIL has the scope to increase the price.
According to industry estimates coal washeries are estimated to be a $5 billion opportunity in India. According to Jha, the present capacity for washing coal in the country is 130 MT, mostly with the private operators, and utilisation is around 40 per cent only.
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