The company is eyeing one billion tonne of production by 2023-2024
Coal India accounts for over 80% of domestic coal production
Plan encompasses 14 additional projects from its earlier count of 35
CIL has identified 14 additional projects involving capital expenditure of more than Rs 3,400 crore under the 'first mile connectivity' initiative to upgrade transport facility at mines
This growth comes amid Coal India looking to tap the non-power sector for consumption of its coal in the wake of a slump in demand for the dry fuel
Finance Minister Nirmala Sitharaman on Saturday said the government would end its monopoly in coal mining by allowing private companies
The state-run miner had a target to produce 660 million tonnes of coal in 2019-20 as against 607 million tonnes produced in the last fiscal
CIL is targetting an output of 660 million tonne in the ongoing financial year
Piped conveyor belt transportation of coal is a covered system for movement of coal and thus promotes environment safety and prevents possible coal pilferage
Last week, the trade unions had declined to attend a meeting with Joshi to discuss their demand of withdrawing 100 per cent FDI in coal mining
Coal India is likely to lose around 1.5 million tonne of production due to the stir
Coal India also said the deficit may widen to 262.4 million tonne in the current financial year, if the Centre brings in more schemes
Further fresh auction of coal mines to private players can also lead to higher competition for Coal India
Coal India expects to realise its entire investment on these rakes within a decade
Gulf Oil Lubricants stated that Rs 4.09 million is still pending from CIL, which the latter has denied
With these reappointments, there are seven independent directors at present on the board of the state-run firm
A decision to form a high-powered committee has been taken to deliberate on this, he said
The state-controlled coal mining firm accounts for over 80% of domestic production
The decline comes amid the govt's goal of securing availability of coal for various sectors
Setting up of washeries at a faster rate will hasten the coal washing process and provide quality coal to CIL customers