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Coal India’s arm crosses 100 million tonne production milestone

08 Jan 2016 Evaluate

Coal India’s arm Mahanadi Coalfields (MCL) has crossed 100 million tonne production milestone and is taking steps to achieve the target of 150 million tonne output for the current fiscal.

MCL has crossed the 100 million tonne coal production milestone in a record 281 days during current financial year 2015-16. The company had crossed 100 million tonne dispatch of coal to its various consumers, primarily power producers. The company had produced 121 million tonnes of coal during 2014-15.

Coal India accounts for over 80 per cent of domestic coal production. The government has set a production target of 550 million tonne for the PSU for the current fiscal, while the government has set one billion tonne production goal for Coal India (CIL) by 2020.

 

Coal India Share Price

438.70 5.80 (1.34%)
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Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
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