Coal India Ltd.

Coal India (CIL) is eyeing to double its production capacity from its subsidiaries in the state of Chhattisgarh in the next 5 to 6 years. The world’s largest coal producer is eyeing production to jump from 110 million tonnes (MT) to 220 MT by 2017 if rail connectivity is established.

The company has planned a capital expenditure of Rs 7,500 crore on building three railway lines and after commissioning of these railway lines it would spend another Rs 7,500 crore on new projects.

The company accounts for 80% of the domestic production. For the current fiscal the company has fixed a production target of 468.74 MT while the off-take target has been fixed at 474.70 MT. CIL missed its revised 2011-12 production target as it achieved only 435.84 MT as against 447 MT.