North Eastern Coalfields (NEC), a subsidiary of the Coal India Ltd, has been incurring a loss of nearly Rs 1 crore daily following the closure of Tikak colliery at Margherita in Tinsukia district bordering Arunachal Pradesh.
The colliery was shut down in January after four workers of a private company engaged there were abducted by suspected Naga militants.
A senior NEC official told today that the Tikak colliery, which was one of the four operational coalfields under the North Eastern Coalfields, was producing nearly 2,000 metric tonnes of coal daily. This translated into Rs 1 crore daily at the rate of Rs 5,000 per tonne minimum price.
The colliery was shut down in January after four workers of a private company engaged there were abducted by suspected Naga militants.
A senior NEC official told today that the Tikak colliery, which was one of the four operational coalfields under the North Eastern Coalfields, was producing nearly 2,000 metric tonnes of coal daily. This translated into Rs 1 crore daily at the rate of Rs 5,000 per tonne minimum price.
