CIL’s capital spend on equipment and project less than annual target

Kolkata: Coal IndiaNSE 1.78 %’s capital spending on projects and equipment in 11months this fiscal has been only 44% of the annual target. Company executives attribute the low level to land acquisition issues.

The state-run company had spent Rs 4,360 crore as of end of February, and is expected to fall short of target, according to a senior executive of Coal India. The expenditure was meant for land acquisition, heavy mining equipment, wagons and infrastructure at mines.