Despite signs of slowdown being witnessed in the economy, Coal India (CIL), the Maharatna PSU, is confident of achieving its target this fiscal. This CIL’s success would be crucial for power as well as other critical sectors in order to overcome the downturn. Anil Kumar Jha, chairman and managing director, CIL, spoke to TOI about his future plans to take the state-run behemoth to a new height.
Q. Soon after an excellent performance in 2018-19 in production and off-take, the Q1 performance in the current fiscal left much to be desired with near-flat growth in production and negative growth in off-take. The July 2019 performance as well was not inspiring. What are the reasons and how do you plan to reach the target of 660 MTs for 2019-20?
A: There were several reasons. Primarily, delay in awarding contracts for overburden removal in South Eastern Coalfields and Mahanadi Coalfields — two of our top-producing companies — hampered our production.
