CIL exploring monetisation of 4 old washeries via bundling asset lease with coal supply pacts

economictimes.indiatimes.com:

Coal India Ltd is exploring options to monetise its four old washeries by leasing out those assets and plans to bundle lease contracts with long-term coal supply agreements. The move aims at optimising asset utilisation.
«We are exploring the monetization of four old washeries,» Coal India Ltd (CIL) said in a report.
The company which accounts for over 80 per cent of domestic coal output is diversifying its portfolio by setting up a non-coking coal washery at Ib Valley, Lakhanpur in Mahanadi Coalfields Ltd (MCL) — one of the subsidiaries of CIL.

The public sector enterprise commissioned the operation of Madhuband Washery having 5 million tonnes of annual capacity during 2023-24 to further enhance coking coal beneficiation capacity.

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