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CIL plans Rs50 bn Investment

CIL plans Rs50 bn Investment

Coal India (CIL) has earmarked Rs 50 billion for capital expenditure on its domestic operation during 2013-14. Also, the monopoly coal producer made an ad-hoc provision of Rs 40 billion for acquisition of assets abroad and development of coal blocks in Mozambique. The company plans to raise its coal output to 615 million tonne per annum by 2016-17.

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