Coal India Limited has planned to produce 482.00 MnT in 2012-13 and has envisaged to produce 615 MnT in the terminal year of XII Plan (2016-17). A capital outlay of Rs. 5000.00 for its domestic activities and an ad-hoc provision of Rs. 4000.00 Crore for acquisition of assets abroad and development of coal blocks in Mozambique in 2013-14 has been envisaged.
CIL has envisaged investing Rs. 25,400.00 Crore during XII Plan (2012-17) for its domestic activities out of which, about Rs 7500 Crore has been planned to invest in Rail Infrastructure Projects.
An additional ad-hoc provision of Rs. 35,000.00 Crores (Rs 25,000.00 Crore for acquisition of coal assets abroad and Rs 10,000.00 Crore for development of coal blocks in Mozambique) has been kept during XII Plan (2012-17).
CIL has a policy to fund its CSR activities based on 5 % of retained earnings of previous year subject to Rs 5/- per tonne of coal production of previous year. Out of above, 4% would be allowed for CSR activities to be carried out within the radius of 15 km of the project site and balance 1% would be allocated for carrying out CSR activities by Subsidiary companies in the States in which the Subsidiary company belongs. A portion of the profit is invested in its R & D activities.
This information was given by the Minister of State for Coal, Shri Pratik PrakashBapu Patil in a written reply in Lok Sabha today.
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