-1.65 (-0.39%) Coal India (CIL), for the first time, has breached the 600 million tonne (MT) mark in coal production and off-take ending FY 2019, clocking growths of 7% and 4.8% respectively.
The Maharatna coal mining giant has produced 607 MTs of coal during 2018-19 almost reaching its MoU target of 610 MT. The 7% growth in coal production during the referred period is almost three-fold increase compared to last fiscal's output growth of 2.4%.
CIL scaled a new peak in production in the month of March 2019 producing 79.19 MT -the highest so far in a month since inception. In doing so, the PSU coal mining monolith clocked highest ever production of 3.14 MT in a single day (as on 25 March).
Coal supplies to the consuming sectors touched a new high at 608 MT during 2018-19 coming close to its MoU target of 610 MT.
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.