CIL closer to MoU aim, but may miss aspirational output target this year

Sources in MCL said its internal annual aspirational target of 162.50 mt might have already been revised.

With only a month left in the current financial year, although Coal India may inch closer towards its target of producing 610 million tonne (mt) of coal as set by the government, it is likely to miss its aspirational annual output target of 652 primarily due to production issues in key mines of its core subsidiary, Mahanadi Coalfields (MCL).

Although the state-owned miner had a MoU target at 610 mt for this fiscal year, the company has internally set a target to achieve 652 mt of production if conditions are favourable.

Even if Coal India produces 2 mt of coal