Coal India targets to achieve 306 MT production in H1

10 Sep 2022 , 01:34 AM

Coal India announced that in a historical high the companys production increased by 446 million tonnes MTs in just 5 months and 4 days of the ongoing fiscal as of 4 September eclipsing the previous best of 445 MTs registered in FY16 which though was for the entire year The record milestone was achieved when CILs progressive production touched 2596 MTs on 4 September22 of the current fiscal compared to 215 MTs same date last year Pursuing 700 MT production target in FY23 CIL began the chase with an asking growth rate of 124Percentage which on the back of a strong output performance slid down to 8Percentage as of now All the subsidiary companies of CIL have posted growth over last year CIL usually produces higher volume of coal during the second half of the financial year than in the first half Of the 700 MT target of FY23 the production split is around 44Percentage for the H1 and 56Percentage for the H2 At the current pace of production if CILs mining areas are not excessively affected by heavy seasonal deluge in September the company is hopeful of reaching close to the apportioned H1 target of 306 MTs