Coal India plans ₹1,900-crore R&D push by FY30 after fourfold jump in spending
Kolkata: Coal India Ltd (CIL) on Tuesday said it is targeting to invest about ₹1,900 crore in research and development (R&D) by fiscal year 2030, as the state-owned miner looks to scale up its innovation and technology initiatives.
The Kolkata-headquartered company said its R&D spend increased fourfold in FY 2024-25 to ₹245 crore, up from ₹61 crore in FY 2023-24. The sharp rise followed the establishment of the National Centre for Coal and Energy Research (NaCCER).
The enhanced R&D outlay is aimed at spurring activities across cleaner coal technologies, energy transition, and operational efficiency, the company said.
Coal India, the world’s largest coal producer, has been stepping up investments in technology and sustainability as India balances its energy security needs with decarbonization goals.
