Coal India Sets New Realistic Production Targets Amid Challenges

Coal India Ltd has adjusted its production target for the current fiscal year to 806-810 million tonnes, down from the earlier target of 838 million tonnes. Despite a 2.2% growth in production till December, the company aims to achieve a 4-5% growth by the fiscal year's end, amid challenges in subsidiary performance.

Coal India Ltd (CIL) has revised its production goals, setting a new target of 806-810 million tonnes for the current fiscal year, a decrease from the previous target of 838 million tonnes, as announced by company Chairman PM Prasad on Friday.

Production has witnessed a growth of 2.2% reaching 543 million tonnes up to December. However, the company remains steadfast in its objective to boost production by the year-end, targeting a growth rate of about 4-5%.

Prasad remained optimistic regarding meeting their goals, specifically noting the commendable performance of subsidiaries Mahanadi Coalfields, Northern Coalfields Ltd, and Western Coalfields Ltd. There is also a positive outlook for the Eastern Coalfields Ltd. As the fiscal year progresses, the performance of South Eastern Coalfields' mega mines will be pivotal.

(With inputs from agencies.)