Coal India is aiming to meet the 610 million tonne (MT) production and off-take target as per the pact it signed with the coal ministry, despite a production momentum dip in the initial months of the current fiscal.
After the high production growth rate of 15 percent in the April-June quarter of FY19, the company had attempted to meet an internal aspirational target of 652 MT for the year. The company’s memorandum of understanding (MoU) target for production and off-take is 610 MT.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.