Menu
BW CFO World
Community for Finance Professionals, Consultants and allied businesses
  • Home
  • News
  • Videos
  • Articles
    • Credit & Capital
    • Economic Trends
    • Financial Compliance
    • Financial Leadership
    • Financial Management
    • Financial Reporting
    • Financial Strategy
    • Risk Management
    • Taxation
  • Featured
  • Nominate for Awards
Close Menu
Coal
December 14, 2022

Coal India Issues LoAs For Seven Coal Projects

Urvi Srivastava Financial Reporting Coal India, LoAs, projects

These projects will be pursued through the engagement of Mine Developers and Operators (MDOs) and have a production capacity of nearly 100 million tonnes per year

Coal India (CIL) on Wednesday issued letters of acceptance for seven coal projects to be pursued through the engagement of Mine Developers and Operators (MDOs).

In a regulatory filing, the coal miner said that these projects have a production capacity of nearly 100 million tonnes per year (MT/Y).

It added that the intent of engaging MDOs through open global tenders is to increase domestic coal output and reduce import dependency.

Three out of seven of these projects belong to CCL, two to MCL, while the SECL and ECL account for a solo project each.

Coal India is tracking fifteen Greenfield coal projects to mine coal through MDOs.

Its investment component would be to the tune of Rs 20,600 Crores, largely spread on land acquisition, rehabilitation, and resettlement issues. 

The contract period of engagement is for 25 years or the life of mine, whichever is less.

“The role of MDOs would be to excavate, extract and deliver coal to CIL’s coal companies in accordance to the approved mining plan. Ownership of the mines and coal rests with CIL,” the company said.

“Sale of coal would be done by CIL. MDOs would bring to the table technology infusion, the bulk of the capex investment, economic viability and efficiency in operations for increased production,” it added.

Private players would also develop the allied infrastructure at mine projects.

“They shall facilitate R&R issues, land acquisitions, green clearances and coordination with state and Central Pollution Boards for fast-tracking the required approvals,” it said.

Urvi Shrivastav

→ Urvi Shrivastav

ADB Keeps India’s Economic Growth Unchanged At 7% Indian Equities Edge Higher Ahead Of Fed Outcome

Related Posts

economy

Financial Reporting

Economy Remains Steady In Recent Months: PHD Chamber

20220714_125227

Financial Reporting

Infosys Reports Strong Growth In Q3, Revenues Jump To Rs 38,318 Cr

20211201_100953-1

Financial Reporting

Tech Mahindra, Microsoft Collaborate To Deliver Cloud-powered 5G Core Network Modernisation For Telcos

Movements

  • zUah2lDb_400x400Deloitte India Named Romal Shetty As CEO For Four-Year Term
  • cfo imageVishnuhari Pareek Named As Head Of Finance At Arkam Ventures
  • thumbnail_Sidharth1Siddharth Sehgal Is New CFO Of BeatO
  • Business men giving a handshake. Business conceptRamamurthy Becomes MD, CEO of BSE, SEBI approves appointment
  • 1554629557880Arvind Agarwal Resigns Nykaa, Joins PayU India As CFO

Selected Stories

  • economyEconomy Remains Steady In Recent Months: PHD Chamber

    Read more

  • 20220714_125227Infosys Reports Strong Growth In Q3, Revenues Jump To Rs 38,318 Cr

    Read more

  • 20211201_100953-1Tech Mahindra, Microsoft Collaborate To Deliver Cloud-powered 5G Core Network Modernisation For Telcos

    Read more

  • oil and pulsesIndia Likely To Halt Duty-free Soybean Oil Imports From April 2023

    Read more

  • Business men giving a handshake. Business conceptHindustan Unilever Acquires 51% Stakes In Zywie Ventures, Makes A Foray Into Wellness Market

    Read more

Categories

  • Accounting
  • CFO Stance
  • Credit & Capital
  • Economic Trends
  • Featured
  • Financial Compliance
  • Financial Leadership
  • Financial Management
  • Financial Reporting
  • Financial Strategy
  • Financial Technologies
  • Global News
  • Interview
  • Movements
  • Risk Management
  • Taxation

Recent Comments

    Back To Top
    BW CFO World
    • Home
    • News
    • Videos
    • Articles
      • Credit & Capital
      • Economic Trends
      • Financial Compliance
      • Financial Leadership
      • Financial Management
      • Financial Reporting
      • Financial Strategy
      • Risk Management
      • Taxation
    • Featured
    • Nominate for Awards
    © Copyright BW BUSINESSWORLD 2018. All Rights Reserved.