COAL & MINES

States may suffer Rs 319-cr revenue loss owing to 3-day strike by CIL unions

Coal-bearing states, including Jharkhand, Chhattisgarh, Madhya Pradesh and Odisha, may suffer an estimated revenue loss of Rs 319 crore on account of a three-day strike by Coal India unions.

Coal India trade unions started their three-day strike, protesting against the Centre’s decision to allow commercial mining, on Thursday, which is likely to hit around four million tonnes of production.

Of the estimated Rs 319 crore loss, Odisha is likely to take the maximum hit of around Rs 70 crore, followed by Chhattisgarh (Rs 66 crore), Madhya Pradesh and Jharkhand (Rs 61 crore each), Maharashtra (Rs 27 crore), West Bengal (Rs 23 crore) and Uttar Pradesh (Rs 11 crore), according to a coal ministry official.

Of an average 1.5 million tonnes of coal mined by Coal India (CIL) per day, around Rs 106 crore of revenue goes to states’ exchequer, the official explained.

Source
ET Enrgy World
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