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News Brief | April 2017

Odisha's coal revenue slides

After posting a consistent rise in four years from 2012-13 to 2015-16, coal royalty collection in Odisha has witnessed a slide in this fiscal, with Coal India's biggest producing subsidiary Mahanadi Coalfields Ltd (MCL) struggling to meet its targeted coal production. Coal revenue collection in the state in Odisha was 1,384.52 crore by the end of February. Last fiscal, the royalty collection stood at 1,627.27 crore. Royalty collection from coal has progressively rose from 1,245.24 crore in 2012-13 to 1,378.58 crore in 2013-14 and to 1,439.17 crore in 2014-15.
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