MoneyWorks4Me

Coal India keeps annual production target at 630 MT for FY19

08 Jan 2018 Evaluate

Coal India (CIL) has kept its annual production target at 630 million tonnes (MT) for the upcoming financial year. Against the target of 408.6 MT, CIL produced 385.6 MT of coal till January 1 in the ongoing financial year. In the Annual Plan of CIL for 2017-18, the production target has been pegged at 600 million tonnes.

From the production level of 554 million tonnes in 2016- 17, the PSU has envisaged to enhance its coal output to one billion tonnes by FY20. Further, the company has identified mines with a production capacity of 908 million tonnes so far.

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.

Peers
Company Name CMP
Coal India 422.20
NMDC 80.50
Ashapura Minechem 517.40
Sandur Manganese 181.45
GMDC 543.25
View more..