6.55 (1.56%) Coal India’s subsidiary -- South Eastern Coalfields (SECL) has set a target of producing 182 million tonne (MT) of the dry fuel in the FY23 as against 142.51 MT of output in 2021-22. An outlay of Rs 5,200 crore has been approved for the capital expenditure in various segments, including Rs 1,800 crore for development of rail corridor projects.
The dispatch target for SECL has also been kept at 182 MT in the 2022-23 financial year, while the company has to remove the overburden of 280 million cubic metres in the fiscal. Coal India has set a goal to produce 700 MT during the current fiscal as against the 622 MT output it achieved in FY22.
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.