4.15 (0.99%) State-miner Coal India (CIL) is looking to double its production to 1 billion tonnes in the next five years. The company, which is hopeful of producing about 500 million tonnes this year, is aiming to produce a billion tonnes in 2019.
The world’s largest coal miner by output, Coal India has reported provisional production of 44.42 million tonnes in November 2014, as against target of 45.69 million tonnes. The company’s total off-take for the month of November stood at 41.57 million tonnes as against a target of 43.20 million tonnes.
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.