In order to ensure production growth over the next four years, Coal India, the world’s largest coal miner by output, has reportedly raised its land acquisition budget by nearly two-and-a-half times to Rs 60,000 crore. The company has needed an additional 20,000 acres of land in next five years to achieve its target of 908 million tonnes. The cost of land acquisition would depend on the proposed land bill which seeks higher compensation.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
