State-owned Coal India Ltd (CIL) reported a near flat growth in production during the April-June quarter (Q1) this fiscal, although the top management was in favour of keeping a stiffer target despite the muted growth. The company reported a 0.1% growth in production to 136.96 million tonne (MT) in Q1, against 136.85 MT in the year-ago period.
A CIL official said the company’s ability to increase its production had come to a near saturation for which any significant growth is a far-flung possibility.
