Coal India bets $201 million on R&D

AI Summary

Coal India plans to invest approximately $201 million in research and development by fiscal year 2030, focusing on clean coal technologies, net-zero initiatives, sustainable materials, mine repurposing, and recovery of rare earth minerals. The R&D budget includes partnerships with Indian Institutes of Technology and oversees numerous projects with scientific institutions.

Coal India plans to invest 19 billion rupees ($200.7 million) in research and development by fiscal year 2030, the state-run miner said on ‌Tuesday. Here are ⁠some ⁠details: The miner is researching clean coal, net-zero technologies, sustainable materials, mine re-purposing, and recovery of rare earth and critical minerals through partnerships with scientific ⁠institutions. Coal ‌India has committed 2.53 billion rupees to three ⁠Indian Institutes of Technology, it said, which will be released in phases. Its R&D facility, called the National Centre for Coal and Energy Research, is also overseeing 19 R&D ‌projects with a total outlay of 2.25 billion rupees at other ⁠scientific institutions. Coal India's R&D expenditure quadrupled to 2.45 billion rupees in fiscal 2025, from 610 million rupees a year earlier, it said.