Coal India spent only 44 per cent of its annual target of capital spending on projects and equipment in 11 months this fiscal. The company spent Rs 43.60 billion as of February end, and is expected to fall short of target. The expenditure was meant for land acquisition, heavy mining equipment, wagons and infrastructure at mines.

The company has set aside almost Rs 70 billion for expenditure on machinery over three four years. Coal India has already placed bulk orders for equipment and they are yet to be delivered. The deliveries are expected to start towards the beginning of the next fiscal.