Coal India Ltd will invest Rs 7,765 crore towards capital expenditure in the current fiscal to expand mining capacity to achieve the production growth target of 13 per cent year-on-year. In addition, the company is looking to spend Rs 5,069 crore on other projects, which include building railway tracks to connect mines, setting up a super critical thermal power plant, reviving fertiliser plants, procurement of railway wagons, and coal-bed methane (CBM) during 2016-17.

CIL has envisaged a coal production of 908.10 million tonne in 2019-20 with a CAGR of 12.98 per cent with respect to 2014-15. In 2016-17, the target of coal production has been pegged at 598.61 MT with an annual growth of about 11 per cent. In next fiscal, the envisaged coal production projection is about 660.7 MT at an annual growth of about 10.5 per cent.