Coal India hopeful of achieving its FY23 H1 production target

8 Sep 2022 , 10:57 AM

If heavy rains this month do not significantly disrupt its mining sites, state-owned Coal India Ltd. (CIL) will achieve its FY23 H1 production target of 306 million tonnes.

CIL produces more than 80% of domestic coal.

In just five months and four days of the current fiscal year, Coal India’s output grew by 44.6 million metric tons (as of September 4).

The firm’s progressive production reached 259.6 MT on September 4, up from 215 MT on the same date the previous year.

The public sector unit began chasing production output with a growth rate of 12.4%, which has since dropped to 8% as a result of strong output performance.

CIL generally produces more coal in the second half of the fiscal year than in the first.

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