Coal India may lose Rs188b by Mar 2012
Monday, 6 December 2010
NEW DELHI, Dec 5 (PTI): Delays in environment clearances to Coal India projects may result in loss of about 190 million tonnes output valued at about Rs 188 billion, to the country's largest miner by March 2012.
Coal India, which through its initial share sale's resounding success raised a record Rs 152 billion, making the initial public offering (IPO) the biggest in India so far, faces delays in environment clearances.
As many as 154 projects of Coal India await green nod at centre and state levels, a top coal ministry official told the reporter.
"These 154 projects are spread across over 26,000 hectares of land and have a production projection of about 210 million tonnes.
"Of these 105 are awaiting stage - I clearance while the rest wait for stage - II nod," the official said.
Coal India, which through its initial share sale's resounding success raised a record Rs 152 billion, making the initial public offering (IPO) the biggest in India so far, faces delays in environment clearances.
As many as 154 projects of Coal India await green nod at centre and state levels, a top coal ministry official told the reporter.
"These 154 projects are spread across over 26,000 hectares of land and have a production projection of about 210 million tonnes.
"Of these 105 are awaiting stage - I clearance while the rest wait for stage - II nod," the official said.