(ET)
Coal India has decided to advance its target year for achieving an annual production capacity of one billion tonnes by two years — 2024.The company was earlier planning to achieve the target by 2019-20. However, lack of adequate demand and a plethora of issues with respect to raising production levels had forced the company to push back the deadline to 2025-26.
Minister of Coal & Mines, Pralhad Joshi on Friday said state-run Coal India will produce one billion tonnes coal by 2023-24 and the company has to produce 750 million tonnes in the next fiscal. This year its production target is 660 million tonnes which, analysts believe, may not be achieved due to a series of issues. The minister was addressing employees at the 45th Coal India Foundation Day.
