-1.15 (-0.28%) Coal India (CIL) has breached the 400 million tonne (MTs) production mark in the quickest time ever, since the inception of the company, on November 24, 2022 of the ongoing fiscal. This represents a year-on-year growth of 17%. The company as of same date last year produced 342 MTs.
The company hit the record time output of 400 MTs, 31 days ahead compared to December 25 of last year. The company’s accelerated production brought down the asking annual growth rate to 6.9% from 12.4% at the year’s start. All the subsidiary companies of CIL sustained double digit production growth since the beginning of FY23 compared to preceding fiscal.
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.