Coal Ministry proposes Rs400 cr investment
The government has proposed to enhance its investment for development of coal sector to Rs400 crore this fiscal from Rs260 crore in 2009-10. It would invest for regional exploration, detailed drilling, environment measure and subsidence control, development of transportation infrastructure in coal fields.
In addition to that the Coal India Limited and Singareni Collieries Company Limited have also proposed to invest Rs3800 crore and Rs1335 crore respectively from their internal resources in this year.
As a result of investment made last year, the government said, an additional production of 38.83 million tonnes of coal is expected in 2010-11.