Govt asks Coal India to meet 550-MT target for current fiscal
Buoyed by the output growth of 9% by CIL, the government has asked the world´s largest coal miner to ensure that it meets the target of 550 million tonnes for the current fiscal. Coal India, which accounts for over 80% of the domestic coal production is eyeing an output of one billion tonnes by 2020. ´In a meeting held this month, Coal Ministry asked Coal India to ensure that it meets the output target for the current financial year,´an official said. The meeting was chaired by Coal Secretary Anil Swarup. The official further said the government appreciated the CIL for an output of 373.45 million tonnes (MT) in the April-December period of fiscal 2016, registering an increase of 9% over 342.39 MT produced in the same period of the previous fiscal. Swarup had earlier said the state-run miner is set for a record production of 550 million tonnes this fiscal.