NEW DELHI, OCT 4: State-run Coal India Limited (CIL) will produce at least 50 million tonnes more coal in the current fiscal than FY 2014-15, Union Coal and Power Minister Piyush Goyal has said.
The government has set an ambitious one billion tonne of production target for Coal India (CIL) by 2020. “This year, Coal India will produce at least 50 million tonnes more than it did last year,” Goyal said here adding that in the last fiscal, CIL added 32 million tonnes which is more than the cumulative growth of four years.
“…The same set of people in Coal India who could not have growth of more than one, two, four percent for decades have produced a growth of seven percent last year. Today, as we speak they are at a growth of nine percent in the current year and we will end this year with a growth of 11 percent plus,” he said.
CIL recorded an output of 37.17 million tonnes in September as against the production target of 38.77 million tonnes, missing the target by 4.1 percent.
CIL achieved an output of 229.54 MT in the first six months of FY16, against a target of 235.49 MT.
CIL’s output target for FY 2015-16 is 550 million tonnes. The company recorded an output of 494.23 million tonnes in FY 2014-15.
