Coal India Ltd, the world’s biggest miner, has pushed back its ambitious 1 billion tonne production target by at least two years owing to the existing ground realities, a top official of the company has said.
“One billion tonne annual coal production target will be achieved but it is not possible by 2020 as thought initially, due to various ground realities. We are now hoping to achieve it in the next 3-4 years from now,” the official told PTI.
The government had earlier set a target of 1 billion tonnes coal output by FY’2019-20. Although Coal India has been investing towards establishing railway connectivity with its mines and procuring rakes in order to evacuate more coal, a sharp rise in renewable energy sources is compelling the miner of the dry fuel to review its earlier production goals, the company has said in its latest annual report. Read More