With only a month left in the current financial year, Coal India is unlikely to meet its annual output target of 652 million tonne (mt) due to production issues in key mines of its core subsidiary, Mahanadi Coalfields (MCL).
Even if Coal India produces 2 mt of coal daily despite MCL suffering huge production losses, the state-owned miner’s total production will be in the range of 580-590 mt by FY19.
From September onwards, Coal India had been able to scale up its daily production from 1.5 mt to 2 mt, but then again it fell to around 1.8 mt. Till January 2019, the world’s largest coal miner was able to produce 469.65 mt of coal — 6.6 per cent growth year-on-year.
