Coal India Ltd said on Friday it had breached its annual production target of 700 million tonnes, the first time it had surpassed its goal since the fiscal year that ended in March 2006.
The world’s largest coal mining company will likely end the fiscal year ending on Friday with an output of 703.4 million tonnes, it said, 13% higher than the 622.6 million tonnes it produced the previous fiscal year.
“The volume increase of a whopping 81 million tonnes in a single year, by fiscal year 2023 end, would be a historic high since the company’s inception,” the company said in a statement on Friday.
