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Coal India's 54 Projects Facing Delay

Coal News - Published on Fri, 16 Aug 2019

Image Source: SteelGuru
New Indian Express reported that Coal India Ltd's 54 coal mining projects are facing delay due to various reasons such as contractual issues and delay in green clearances among others. CIL Annual report revealed that "A total of 120 coal projects costing INR 20 crore and above are in different stages of implementation. Out of which 66 projects are on schedule and 54 projects are delayed.”

The major reasons for delay in implementation of these projects are delays in obtaining environment clearance, forest clearance, possessions of land and issues related to resettlement and rehabilitation, contractual issues and evacuation facilities among others.

The company said that five coal mining projects with a sanctioned capital of INR 989.43 crore were completed during 2018-19, while two coal projects with a sanctioned capital of INR 1,502.65 crore were started during the year. 20 projects with a total investment of INR 11,807.78 crore were approved in 2018-19.

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Posted By : Sanju Moirangthem on Fri, 16 Aug 2019
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