National miner Coal India Ltd (CIL) closed the financial year at a historic high of 700 million tonnes (MT) of coal production, which the company said has surpassed its output target. This is an increase of 12 per cent over last year’s production.
The record high incremental production of 81 MT is the highest since CIL’s inception. The company said in a public statement that it produced 700.4 MT of coal till the penultimate day of FY23, with 100.4 per cent target satisfaction. It had produced 622.6 MT in the previous fiscal year.
“Overcoming the stiff target of 700 MT was a challenging task, but all our subsidiaries went the extra mile to chip in their best,” said a senior company executive.
