KOLKATA. Coal India plans to invest around Rs 3,300 crore to set up eight new coking coal washeries by 2029-30, adding a total capacity of 21.5 million tonnes per year to improve coal quality and reduce reliance on costly imports. The company will also spend Rs 300 crore on modernizing existing washeries to enhance efficiency.
Additionally, Coal India is monetizing some assets and collaborating with Tata Steel to increase domestic supply of quality coking coal, aiming to strengthen the steel industry and save foreign exchange.
