Coal India likely to get a five-year breather on production target
Faced with multiple challenges on both production and evacuation of supply to power plants, government behemoth Coal India (CIL) might get a five-year breather for the ambitious one billion tonnes a year production target by 2020, given to it in 2015.
That would have nearly eliminated dependence on thermal coal import. However, CIL’s output last year was no more than 567.4 million tonnes (mt), a bit more than half-way through.
CIL officials, previously enthusiastic on meeting the coal ministry’s vision, are now terming the given targets “aspirational”. And, talk of “producing as per demand”.