Coal India to roll out new mines in FY19
Coal India expects new projects to boost its production during 2018-19. Up to 119 major coal projects that are currently under developed will contribute with 322 million tonnes of estimated production during the current fiscal year. These include large-scale projects such as the Kasmunda Opencast mine, with the capacity to produce 50 million tonnes per annum, and the Gerva expansion project, adding another 70 million tons per annum.
Currently, Coal India owns 369 mines, including 177 opencast, 174 underground, and 18 mixed mines. Last year, these produced 567 million tonnes, with opencast mines contributing with 536 million tonnes and underground ones with 31 million tonnes.