Coal India to boost production; aims to achieve FY23 output target

State-owned Coal India on Friday said it will further boost production in the coming months and is optimistic that the company will achieve the output target set for the current financial year.

Coal India (CIL), which accounts for over 80 per cent of domestic coal production, is eyeing an output of 700 million tonnes (MT) for FY’23.

“We began FY’23 requiring 78 MT jump in volume terms to touch the target of 700 MT. As of November 24, the company has already achieved an increase of nearly 58 MTs.

“In the ensuing months we aim to sustain the tempo and further scale up the production and feel upbeat about achieving the target,” the PSU said in a statement.