In a bid to take its production to 908 million tonnes (MT) by 2019-20, State-owned Coal India (CIL) will invest Rs 13,900 crore. At present, the company produces 494.23 MT. The domestic capital expenditure by Coal India and its subsidiaries up to June in the current financial year is Rs 1,026.77 crore. Coal India accounts for over 80 per cent of the domestic coal production.
The state-run firm missed the production target for the financial year 2014-15 by 3 per cent recording an output of 494.23 million tonnes. The company's output target was 507 million tonnes for the fiscal.
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.
