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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 387.80
NMDC 67.56
Ashapura Minechem 414.25
Sandur Manganese 162.75
GMDC 417.60
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