Coal India targets 660 MT output

11 June 2019

Coal India targets more than 8% growth in production at 660 million tonnes in 2019-20 compared to 607 million tonnes in the last fiscal and plans a capital expenditure of Rs 10,000 crore in the current fiscal, according to sources. The target for revenue from operations (net) has been fixed at Rs 1 lakh crore for FY2019-20, they said.

Coal India

The targets were fixed during a meeting between the Coal Ministry and Coal India (CIL) held recently. As laid down in the MoU 2019-20, the Maharatna PSU has to ramp up its coal production growth to 8.75% over the previous year.

CIL closed 2018-19 with coal production of 606.88 million tonnes, against the MoU target of 610 million tonne. Further to make the MoU more comprehensive, production efficiency and HR parameters have been included. Also, the parameter relating to Central Public Sector Enterprises (CPSE) conclave are an added features of the MoU 2019-20.

Coal India which accounts for over 80% of domestic coal output had set an internal aspirational target of 652 million tonne FY2018-19, but could not go closer to it as things did not fructify as perceived, sources had earlier said.

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