Angul, Jan 12: The Coal India Limited (CIL) aims to produce 780 million tonne (MT) of coal in the current financial year out of which Mahanadi Coalfields Limited (MCL) shares 204 MT, said CIL chairman PM Prasad during his Talcher Coalfields visit on Thursday.
The CIL has achieved 99 per cent of coal production of its annual target so far. It produced 553 million tonne of coal as by January 9, he told media persons.
There is a rising demand of coal in energy production in the country. The CIL is striving hard to cope with the demands of coal. The CIL will achieve the target this year and will aim to produce 1 billion tonnes next year, he said,
The chairman said in the current financial year there will be a total production of all companies to the tune of 1,000 million tonne of coal, but still, there is a shortfall as regards to the demand. Apart from MCL which is the flagship company of CIL, we have new coal mines Subhadra, Balabhadra and Siaramalia which contribute to the total, he further stated.