Coal India's production up by 44.6 MTs in 5 months, a record high

same date last year. The company said that at the current pace of production, if its mining areas are not excessively affected by heavy seasonal deluge in September, it is hopeful of reaching close to the apportioned H1 target of 306 MTs. The company usually produces a higher volume of coal in the second half of any given financial year than in the first half. Of the 700 MT target for the ongoing fiscal, the production split is around 44% for the first half and 56% for the second.

“What makes the achievement standout is that CIL accomplished the absolute growth of 44.6 MTs in production in only a span of 5 months and 4 days of the current fiscal whereas the earlier high of 44.5 MTs was for the full fiscal of 2015-16”, a senior executive of the company said.

"Pursuing 700 MT production target in FY’23 CIL began the chase with an asking growth rate of 12.4% which, on the back of a strong output performance, slid down to 8% as of now. All the subsidiary companies of CIL have posted growth over last year," the company said in the release.