New Delhi, Mar 27 (UNI) The Cabinet Committee on Economic Affairs (CCEA) today gave approval to Kakatiya Longwall Project of Singareni Collieries Company Limited, located in Warangal District of Andhra Pradesh, for a net capital requirement of Rs 453.63 crore.
The total capital outlay is of the order of Rs 620.03 crore (excluding IDC of Rs 18.90 crore).
The CCEA also gave its approval for flexibility in implementation stage within the approved cost estimates to respond to improvements in technology and equipments which would result in improved profitability and productivity parametres.
The 2,747 Million Tonnes Per Year (Mty) of coal produced would meet the demand of pit head power station of APGENCO and other units.
The Project is well connected by road.
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