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MCL lines up Rs 20,000 crore investments for power, coal, infra development

May miss coal output target this fiscal due to operational bottlenecks

Dillip Satapathy  |  Bhubaneswar 

Mahanadi Coalfields Ltd (MCL), the largest coal producing subsidiary under Coal India (CIL) umbrella has lined up Rs 20,000 crore investment over next four years to bolster its business activities that include coal mining and evacuation, infrastructure strengthening and foray into power generation. In contrast to these ambitious growth plans, the company, however, has immediate concerns over not meeting its production target in the current fiscal due to hurdles over land acquisition and delay in getting statutory clearances. MCL had produced 137.8 million tonne coal in 2015-16 ...

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