Coal India, the world’s largest coal miner is aiming to achieve a production of 492 million tonnes for financial year 2013-14, around 6% higher than the current year’s expected production. The company targeted to mine 464 million tonnes of coal this fiscal year ending March 2013.
The company, so far this year, has produced 20 million tonnes more compared to the same period last year, but now needs to push up production by another 9 million tonnes in the remaining period. Production levels remained nearly flat for the past two years and it missed production target last year.
The state-controlled miner, which produces about 80% of India’s coal, is under pressure from the government and power producers to ease fuel shortages at home but has struggled for years to raise output due to problems in obtaining environmental and regulatory approval.
