Unhappy Piyush Goyal asks Coal India to improve performance

Unhappy Piyush Goyal asks Coal India to improve performance

Coal minister Piyush Goyal has asked chairmen of Coal India and its subsidiaries to cancel all travel plans and focus on meeting sales and production targets as the government is not satisfied with the performance of these companies. The directive was conveyed through a letter from the ministry to the top executives.

In a separate letter last month, coal ministry directed Coal India to boost production and sales to at least 2 million tonnes a day. However, the company managed to achieve only 1.75 million tonnes of production and sales a day, which the ministry finds unsatisfactory.

The ministry feels progress of overburden (top soil over coal seams) removal and stock liquidation is very slow. It was asked to liquidate 10 million tonnes of pit head stock during October.

It pulled up Coal India’s top brass, saying poor project management, inordinate delay in floating tenders allowing investment to remain unutilised leading to deteriorating coal stock at power plants, and non-achievement of targets. Read More

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