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Diversification of Coal India Ltd into Other Sectors

Ministry of Coal Diversification of Coal India Ltd into Other Sectors Posted On: 20 DEC 2021 5:07PM by PIB Delhi In 2016, with a view to enhan

Ministry of Coal

Diversification of Coal India Ltd into Other Sectors

Posted On: 20 DEC 2021 5:07PM by PIB Delhi

In 2016, with a view to enhance food security of the nation, CIL Board accorded its approval for formation of Hindustan Urvarak & Rasayan Limited (HURL), a JV company with NTPC, IOCL, FCIL and HFCL for revival of three defunct fertilizer plants of FCIL and HFCL. Further in December, 2020, with a view to enhance energy security and raw material security of the nation, the CIL Board accorded its approval for diversification into the following business areas:

  1. Solar Power Value Chain (Ingot-Wafer-Cell-Module)
  2. New & Renewable Energy (Non-Conventional)
  3. Aluminium Value Chain (Mining-Refining-Smelting)

         CIL has approved an aggregate investment of Rs. 2,295.96 Cr. as a part of its equity capital towards setting up of total three natural-gas based fertilizer plants at Gorakhpur (UP), Barauni (Bihar) and Sindri (Jharkhand). The diversification proposals into above mentioned 03 areas, are currently under feasibility study stage, as such no separate capital funds have been earmarked.

This information was given by the Union Minister of Coal, Mines and Parliamentary Affairs Shri Pralhad Joshi in a written reply in Rajya Sabha today.

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