Mahanadi Coalfields Limited (MCL) has earmarked an investment of INR 20,000 crore in the next four years to ramp up its business activities, which will include: enhanced coal mining and evacuation, strengthening of infrastructure, and foraying into power generation.
The largest subsidiary of Coal India Limited (CIL) however has concerns over failing to meet its production target in the current fiscal, mainly due to hurdles posed by land acquisition constraints and delay in obtaining statutory clearances.
During FY16, MCL had produced 137.8 MnT of coal.
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