Coal India Ltd.

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Large Cap | Mining & Minerals
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Coal India’s arm sets 263 MT production target by 2023-24

Date: 30-06-2020

Coal India’s Odisha-based subsidiary -- Mahanadi Coalfields (MCL) has set a target of producing 263 million tonne (MT) of coal by 2023-24 in order to ensure the energy security of the country and employees must ensure normal mining operations to achieve the goal. In the current financial year (FY21), MCL has been assigned with a target of 173 MTs of coal but the company is lagging behind in its production and overburden removal targets.

At present, MCL has 48 coal blocks having mineable resources of 29,100 MT, which can meet the requirement of thermal coal for another 100 years and another miscellaneous 22 projects are in pipeline, which includes washeries, coal gasification and solar power.

Coal India is the world’s largest coal mining company. It also produces noncoking coal and coking coal of various grades for diverse applications.