State-owned CIL produced 619.7 million tonnes (MT) in the April-February period of the current fiscal, registering a year-on-year growth of 14.3 per cent. The maharatna firm had produced 542 MT of coal in the year-ago period.
“This is a 100 per cent achievement against progressive target. With a quantum gain of 77.3 MT CIL is well on its way to breach the production target of 700 MT of FY’23,” Coal India Ltd (CIL) said in a statement.
All the subsidiaries of the coal behemoth have logged growth over previous year.
The Dhanbad-based Bharat Coking Coal Ltd has already wrapped up its annual production target of 32 MT on 27 February.
On progressive basis, CIL has consistently maintained a high double-digit production growth since the beginning of the fiscal.
CIL began its 700 MT target chase with an asking growth rate of 12.4 per cent.
‘The company is aiming to augment the growth further in March’23 and any increase would have supplementary influence over the target,” a senior official of the company said. Despite being a shorter month, CIL’s output last month stood at 68.8 MT, the highest for the month in any year till now. This represents a growth of seven per cent compared to February last year.
