Western Coalfields plans investment of Rs 6,280 crore by FY20

Western Coalfields Ltd (WCL), a Coal India arm, has finalised a capital investment plan of whopping Rs 6,280 crore till 2019-20 in a phased manner.The major chunk of investment, which works out to approximately Rs 3,486 crore and stretches from 2015-16 to 2019-20, will be on land acquisition, followed by Rs 2,032 crore on installation of plant and machinery. WCL has also marked another Rs 242 crore for exploration, Rajiv Ranjan Mishra, Chairman and Managing Director, Western Coalfields, said.