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State-owned Coal India has identified 126 projects with an estimated capacity of 438.04 MT to be taken up during 12th Plan period.
"Of these 60 are envisaged to contribute about 88 MT during the terminal year of the 12th Five Year Plan(2016-17)," CIL chairman and managing director S Narsing Rao said in his speech during company's annual general meeting (AGM) today.
"Of the 126 projects, project reports for 78 have already been formulated," he added.
CIL has already sanctioned Rs 2,294.79 crore for four projects with an estimated capacity of 12.5 MT.
CIL has proposed a capital outlay of Rs 25,400 crore in the 12th plan period in addition to an ad-hoc provision of Rs 35,000 crore to acquire coal assets abroad and develop the acquired coal blocks in Mozambique.
