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Coal India shifts focus to overburden removal as coal demand slumps

04 May 2020 Evaluate
Coal India has shifted its focus to overburden removal -- the process of removing the top soil and rock to expose coal seams in its open cast mines -- as the power sector, a major consumer of the dry fuel, has witnessed almost 30 per cent drop in fuel consumption amid the lockdown. The enhancement in overburden removal will enable Coal India to accelerate coal production whenever the demand picks up and coal can be supplied to its customers at short notice.

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 420.30
NMDC 80.98
Ashapura Minechem 518.00
Sandur Manganese 180.95
GMDC 549.15
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