MoneyWorks4Me

CIL’s production to not exceed 640 million tonnes in FY20

31 Jan 2020 Evaluate

Coal India (CIL) is trying its best to reach close to 660 million tonnes production. But, as per the company, it will not able to cross 640 million tonnes in FY20, given the circumstances. Production loss in five months during the monsoon was a major reason that dragged down the miner's production.

The state-run miner had a target to produce 660 million tonnes of coal in 2019-20 as against 607 million tonnes produced in the last 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.

Peers
Company Name CMP
Coal India 413.95
NMDC 72.86
Ashapura Minechem 489.10
Sandur Manganese 181.35
GMDC 477.10
View more..