Business · India Bureau
Coal India to Boost R&D Spending to ₹500 Crore by FY30
State-run Coal India Limited plans a significant expansion of its research and development budget, targeting an annual outlay of ₹500 crore by fiscal year 2030. The initiative reflects the miner's commitment to innovation across mining technologies, critical minerals, clean coal, and energy transition solutions.
LSN India ·
Coal India Limited, India's largest coal producer, is preparing a substantial increase in annual research and development expenditure as part of its long-term strategic priorities. The company aims to reach an annual R&D budget of ₹500 crore by FY30, substantially scaling up from current levels to drive innovation across multiple operational domains.
The expanded investment programme will span several critical areas, including advanced mining technologies, exploration and extraction of critical minerals, clean coal technologies, and emerging energy-transition solutions. The move signals Coal India's recognition of the need to modernise its operations while simultaneously preparing for India's evolving energy landscape.
The initiative aligns with broader industry trends toward technological modernisation and sustainability. By channeling increased resources into research activities, Coal India aims to enhance operational efficiency, reduce environmental impact, and develop capabilities in emerging technologies that may define the sector's future.
The planned budget escalation underscores the state-run miner's commitment to maintaining its competitive edge while navigating the energy sector's transition. With annual R&D spending currently far below the ₹500 crore target, the phased increase over the coming years represents a significant commitment to innovation-driven growth within India's coal mining sector.