0.50 (0.12%) Coal India's 54 mining projects are running behind schedule mainly on account of delays in obtaining green nod and issues related to rehabilitation and resettlement. The development assumes significance against the backdrop of Coal India eyeing production of 1 billion tonnes by 2023-24. 123 coal projects costing Rs 20 crore and above are in different stages of implementation out of which 69 projects are on schedule and 54 projects are delayed.
The major reasons for the delay in implementation of these projects are delay in obtaining forest clearance (FC) and possession of land and issues related to rehabilitation and resettlement.
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.