Coal India to invest $20 bn in five years, says Power Minister Piyush Goyalhttps://indianexpress.com/article/business/business-others/coal-india-to-invest-20-bn-in-five-years-says-power-minister-piyush-goyal/

Coal India to invest $20 bn in five years, says Power Minister Piyush Goyal

The minister informed that the Centre would invest $20 billion to increase production to one billion tonne by 2019.

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Union power minister Piyush Goyal informed that the Centre would invest billion to increase production to one billion tonne by 2019.

Coal production in the first year of Narendra Modi government was at 32 million tonnes compared to the 31 millon tonnes in four years during 2010 to 2014, said Union power minister Piyush Goyal.

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The minister informed that the Centre would invest $20 billion to increase production to one billion tonne by 2019. The coal minister was in Kolkata on Friday to inaugurate the new Coal India Bhavan at Rajarhat-Newtown.

“CIL has a target of producing one billion tonne coal over next five years. It would entail a ballpark investment of $20 billion. Theinvestment would include the upgradation of technology, equipment and the existing infrastructure,” the minister said.