Centre to support CIL arm to explore blocks

摘要

The Centre will pay Rs 1,240 crore to Coal India's exploration arm for two years up to 2021 to explore blocks that would be auctioned to commercial coal miners, company executives said. "In an effort to offer fully explored blocks on auctions to commercial miners, the centre has decided to nearly treble monetary allocation to the Coal India arm, Central Mine Planning & Design Institute Ltd (CMPDIL), so that it can increase its exploration acreages multiples times," a senior Coal India executive said. The Centre used to provide up to Rs 250 crore for exploration of non-Coal India blocks. Following opening up commercial coal mining, the amount jumped to Rs 540 crore in 2019-20 and Rs 700 crore for 2020-21.