CIL to pump in Rs 91K cr on diversification, projects by FY26: P M Prasad

Domestic coal major Coal India Ltd (CIL) will pump in Rs 91,000 crore in various projects, including diversification and mine development, by 2025-26, P M Prasad, chairman and managing director of CIL-arm Central Coalfields Ltd (CCL) said on Thursday.

The Public Enterprises Selection Board (PESB) on Wednesday recommended the name of Prasad for the post of Chairman and Managing Director (CMD) of Coal India.

"Rs 91,000 crore will be spent on diversification and other projects put together ... These will be pumped in till 2025-26," Prasad told PTI in an interview post his selection to head the coal behemoth.

He said a sum of Rs 36,000 crore will be spent on coal gasification projects while another Rs 46,000 crore will be pumped-in mining developers cum operators (MDOs) and other contracts. The remaining amount will be spent on various other projects.

CIL has already identified 15 greenfield projects having a total project-rated capacity (PRC) of 168.58 million tonnes (MT) per annum fo