OdishaPlus Bureau

Union Minister of Coal and Mines Pralhad Joshi on Tuesday addressed a Stakeholders Meet organized by CIL through video conferencing. He informed that the National Miner Coal India Ltd (CIL) will invest over Rs. 1.22 lakh crores on about 500 projects related to coal evacuation, infrastructure, project development, exploration and clean coal technologies. Making the nation Aatmanirbhar in Coal, the investment will give a boost of 1 billion tonnes (BT) coal production by FY 23-24.

Addressing to the stakeholders, Joshi said, “Engagement and involvement of all concerned stakeholders in company’s affairs will reduce and uncover the project risks. Such two-way interactions help pave way for mutually beneficial newer ideas, improvement areas and project related expectations.”

The Minister further added, “Coal India and its subsidiaries are engaged in procurement of various types of Goods, Works and Services amounting to approximately Rs. 30,000 crores per year. This is where the role and importance of stakeholder steps in. Coal India in its endeavor to procure goods, works and services in fair, transparent and equitable manner has made numerous updates, changes in its Manuals and Guidelines for the benefits of vendors and stakeholders to enhance the ‘Ease of Doing Business’ and adherence to principles of transparency.”

Out of the proposed spend, CIL has planned to invest Rs. 32696 crores on Coal Evacuation, Rs. 25117 crores on Mine Infrastructure, Rs. 29461 crores on Project Development, Rs. 32199 on diversification & clean coal technologies, Rs. 1495 crores on social infrastructure and Rs. 1893 crores on exploration works. The company would be investing around Rs. 14200 Crores by FY 23-24, in two phases for its 49 First Mile Connectivity projects. First Mile Connectivity is the transportation of coal from pitheads to dispatch points which is done to bring in improved efficiency in coal transport and computer aided loading replacing the existing road transport between the two points.

Coal India has identified a total of 15 greenfield projects to operate through MDO mode that would entail a total investment plan of about Rs. 34,600 Crores of which likely investment ending FY 24 is about Rs. 17000 Crores to increase coal output and reduce import dependency of coal. Evacuation infrastructure is another major area where Coal India will be infusing large sums of money into economy. Investments in rail logistics like developing major railways (about Rs. 13000 Crores) railway sidings (about Rs.3100 Crores) and procurement of own wagons (Rs. 675 Crores) would total up to likely investment of over Rs. 16500 Crores by FY 23-24.

Secretary (Coal) Anil Kumar Jain, CMD CIL Pramod Agarwal and other senior officials from the Ministry of Coal and CIL attended the Meet and interacted with stakeholders. In the stakeholder friendly initiatives, Coal India has relaxed an array of measures and provided exemptions for greater participation of its stakeholders in its tenders. Experience criteria has been brought from 65% to 50% for mining tenders, while work experience criteria is relaxed by 50% in turnkey contracts.  Pre- Qualification requirement for participation in low value Works & Service Tenders, has now been done away with. MSEs and Start-ups are exempted from having prior experience and turnover.  There is no requirement of EMDs for MSEs and Start-ups. The ‘Make-in-India’ provisions will be completely integrated in all tenders.

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