Coal India Ltd.

BSE: 533278 | NSE: COALINDIA
Large Cap | Mining & Minerals
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Coal India aims to raise production capacity

Date: 12-10-2012

The world's largest coal producer, Coal India (CIL) aims to increase production capacity to 180 million tonne at 8% growth in the current plan period (2012-2017). It has set a production target of 464 million tonne for the current financial year, while company had achieved 435.84 million tonne in 2011-12 against the targeted 447 million tonne.

The company has also asked the government to accelerate the law for land acquisition and rehabilitation so that acquiring land for projects could be easier and clear.

State-run, CIL has identified 142 new projects, including 107 open cast and 35 underground mining schemes with an ultimate capacity of 380.22 million tonne per annum (MTPA), as new projects and a part of it is likely to be added during this plan period.