The move comes at a time when the government has set an ambitious one billion tonnes of coal output for Coal India (CIL) which accounts for over 80 per cent of domestic coal output
All coal producing arms of CIL advised to immediately implement the increase; move is designed to encourage power plants to fo domestic supply instead of relying on imports
The Bilaspur-headquartered company contributed 25 per cent to the total coal production of Coal India
The company had produced 469.65 million tonnes (MT) of coal in the year-ago period
Mahanadi Coalfield's output plummeted 33 per cent in September, engendering huge shortage for CPP-based industries
Panel also proposed splitting Coal India's 7 units into independent companies to improve efficiency