-4.55 (-1.08%) Coal India (CIL) is targeting to increase its annual production by 10-20 million tonnes in FY15. The increase will be after getting clearances from the Ministry of Environment and Forests.
The company was recently planning to take steps to clear fuel supply bottlenecks, including augmenting output to 615 million tonnes (mt) by fiscal 2017. Further, the company is planning to increase production in abandoned underground mines with increased mechanization.
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.