Exponential increase in land prices raises cost by . 2,690 crore

Some 36 coal projects with estimated production capacity of 17.7 million tonnes per annum at the public sector monopoly Coal India turned unviable in Maharashtra because land prices have increased exponentially. CIL has shelved these projects and may take them up only if it can get a price that covers production cost from these proposed mines. “Coal price from these projects will rise by as much as 100% if we have to cover the cost of production,” said CIL officials.