Coal India revises FY’21 production target to 650-660 mn tonne amid Covid-19 crisis

Mining major Coal India Ltd has revised its production target to 650-660 million tonne for the 2020-21 fiscal in the wake of disruptions caused by the COVID-19 pandemic, a top company official said on Saturday.

The miner had earlier set a target of 710 million tonne for the fiscal.

“COVID-19 pandemic has affected demand for coal. However, it has started to pick up now as the industries have commenced operations. Given the situation, we are hopeful to end the year with 650-660 million tonne of production,” Coal India Chairman Pramod Agrawal said.

In July-end, demand was higher by 7-8 per cent, while in the first week of August, it saw an uptick of 13-14 per cent, officials said.