CIL issues tenders worth Rs 12,500 cr for transporting 406 tonnes of coal




State-owned miner (CIL) has issued 35 tenders for transportation of coal from its mine pitheads to despatch points. The estimated investment expected is Rs 12,500 crore, said the company in a public statement.


The handling capacity of these 35 projects will be 406 million tonnes per year (MTPA). Each of these mining projects have production capacity of 4 MTPA and above. The expenditure would be met out of the company’s capital expenditure, CIL’s statement said.


Coal Handling Plants (CHPs) and Silos for rapid loading system would also be commissioned across six of its subsidiaries, under the tenders, CIL said. These will have additional facilities of crushing and sizing of coal and speedy computerised loading.


“Another upside is that with the reduced manual intervention, precise pre-weighed quantity of coal can be loaded. It also spurs loading of better quality coal,” statement by the company said.


ALSO READ: Patanjali’s Ruchi Soya to launch stock offering next year: Swami Ramdev



“Under mechanized transportation, coal would be moved through piped conveyor belt mode promoting cleaner environment. With reduced movement of coal laden trucks on roads it brings down dust pollution to the comfort of people residing in the proximity of the mines. CIL is undertaking a study through National Environmental Engineering Institute (NEERI), Kolkata particularly for assessing and quantifying benefits of environmental aspects of these projects,” said the statement by CIL.


Currently, CIL spends around Rs 3,400 crore on coal transportation costs. This cost will come down with the introduction of mechanized coal transport in the first mile. CIL said it is expecting close to 12 per cent internal rate of return after switches over to the mechanized transport means.






ALSO READ: Navneet Munot quits SBI MF, set to become MD & CEO of HDFC Mutual Fund



“Improved loading time will bring down the wagon idling thus increasing their availability. Easing the load on road networks induces savings on diesel as well apart from positive environmental considerations. It will be an all-round win-win situation for the company, railways, consumers and villagers in the proximity of the mines,” said a senior executive of the company.


Mechanized conveyor system and computerized loading is operational in 19 projects of CIL having 151 MTPA capacity. With the new 35 Projects, the capacity would increase to 557 MTPA by 2023-24.

35 projects for mechanised coal transport:











Subsidiary

No of projects

Total capacity

South-Eastern Coalfields

9

136 MTPA

Mahanadi Coalfields

9

126 MTPA

Norther Coalfields

9

63 MTPA

Central Coalfields

4

46 MTPA

Eastern Coalfields

3

27 MTPA

Western Coalfields

1


8 MTPA

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *