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CIL lines up capex for renewed thrust on developing CBM assets

By:  
Creamer Media Correspondent
 
COAL
Seizing an opportunity offered by recently relaxed rules, State-run miner Coal India Limited (CIL) has lined up a corpus of around $422-million to kick-start its sputtering coalbed methane (CBM) projects. The renewed thrust of getting the CBM projects off the ground would be initiated by Bharat Coking Coal, a wholly owned operational subsidiary of CIL, which would be taking up developing gas projects at its existing coal blocks with estimated reserves of around 25-billion cubic meters.
 
 
 
 
 

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