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Coal companies go slow on spending, 52% of targeted expenditure met

Combined target for spending was Rs 1,757.91 cr

Jayajit Dash  |  Bhubaneswar 

The expenditures of three state-run coal companies - Coal India Ltd (CIL), Singareni Collieries Company Ltd (SCCL), and NLC Ltd (formerly Neyveli Lignite Corporation) - have fallen short of their targets by 48 per cent till May this year. At the end of May, the combined target for spending was Rs 1,757.91 crore, of which only Rs 917.69 crore has been spent by the three coal companies. The data given by the ministry of coal show that the plan outlay for CIL, SCCL, and NLC for this fiscal year has been pegged at Rs 19,048.12 crore. NLC has the biggest outlay, which is Rs ...

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First Published: Thu, June 22 2017. 00:10 IST
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