Coal India Ltd Invest Rs 1.22 lakh Crores for 500 Projects

Published on September 03, 2020
Current Context: Coal India Ltd (CIL) has decided to invest Rs 1.22 lakh crore for achieving the target in 500 projects.
Coal India Ltd Invest Rs 1.22 lakh Crores for 500 Projects

  • These 500 projects will be based on infrastructure, coal evacuation, project development, clean coal technologies and exploration in the country. 
  • The investment is done to achieve moto of making India a Self-Reliant country and to achieve a target of 1 billion tonnes by 2023-24. 
  • Under this investment, CIL will be investing Rs 14,200 crores for the upcoming 3-4 years in two phases for its 49 first mile connectivity projects.
  • Out of this Rs 1.22 lakh crores, CIL will be investing Rs 25,117 crore on mine infrastructure building, Rs 32,696 crores on coal evacuation and Rs 29,461 on project development and management for 2023-24.
  • Along with this, the other 15 Greenfield projects will also be operated. These projects will be operated under the Mine Developer and Operator (MDO) model.
  • Static Part: 
    • HQ of CIL: Kolkata, West Bengal

Question: 

Q.1 Coal India Ltd (CIL) has decided to invest Rs ____ for achieving the target in 500 projects?
a. Rs 1.22 lakh crore
b. Rs 2.22 lakh crore
c. Rs 3.22 lakh crore
d. Rs 4.22 lakh crore

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