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