Coal India aims more than 8% growth in production in FY20
6th Jun 2019

Coal India is aiming more than 8 percent 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. Besides, the target for revenue from operations (net) has been fixed at Rs 1 lakh crore for FY2019-20. The company has ended 2018-19 with a coal production of 606.88 million tonnes, against the MoU target of 610 million tonne.

Earlier, the company had inked a Memorandum of Understanding (MoU) with Ministry of Coal for its key performance areas for the fiscal 2019-20. The MoU for 2019-20 has been formulated on the lines of new DPE guidelines and finalised after discussions with the Pre-Negotiation Committee and Inter Ministerial Committee.

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.