33 ongoing Coal India projects running behind schedule

Image
Press Trust of India New Delhi
Last Updated : Feb 26 2015 | 3:20 PM IST
As many as 33 ongoing projects of Coal India Ltd are running behind schedule due to issues related to forestry clearances and land acquisition among others, Parliament was informed today.
This comes at a time when the government has set an ambitious target for Coal India to achieve an output of one billion tonnes by 2019-20.
"At present Coal India Ltd (CIL) has 33 ongoing projects, each costing Rs 100 crore and above that are behind schedule and have only time overrun," Coal and Power Minister Piyush Goyal said in a written reply to Lok Sabha.
However, he said, as of now they don't have any cost overrun.
He further said of the projects where implementation is delayed, as many as 11 projects are running behind schedule due to issues related to forestry clearances, 10 projects are delayed due to problems like land acquisition and associated rehabilitation and resettlement issues.
"Five projects are delayed due to delay in finalisation of global tenders and commissioning of equipment, five projects are delayed due to evacuation issues and two projects due to environmental clearance issues," the minister said.
Coal India (CIL) accounts for over 80 per cent of domestic coal production.
The CIL board had recently approved road-map for achieving one billion tonnes of coal production by FY'20 by the PSU and its subsidiaries along with a technological plan.
As per the roadmap approved, CIL and its subsidiaries are expected to achieve 908.10 MT of coal production in 2019-20.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 26 2015 | 3:20 PM IST

Next Story