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Coal India’s arm aims coal production of 115MT by FY24

16 Dec 2019 Evaluate

Coal India’s subsidiary -- Northern Coalfields is aiming coal production of 115 million tonnes (MT) by 2023-24, while planning to focus on offtake by railways, instead of roads, to meet environmental obligations. Northern Coalfields with the highest growth of 9 per cent transports 17 million tonnes of coal per annum by trucks.

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 424.35
NMDC 76.79
Ashapura Minechem 504.25
Sandur Manganese 182.25
GMDC 507.75
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