Drop in captive coal output may have cost India Rs 1.46 lakh cr

The loss of production from captive coal mines allocated to companies has surely cost India dear. Delayed clearances for coal blocks, as well as companies’ own failure in developing mines, appear to have had a financial implication of Rs 1.46 lakh crore for the country. The figure has been arrived at by adding the actual loss the country has incurred in partly making up for the production shortfall — by importing more expensive coal from other countries — and the opportunity loss due to non-generation of electricity because of coal crunch over the past five years.

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