Coal Minister Piyush Goyal made a fervent appeal to the employees of state-owned Coal India Ltd (CIL) to work towards meeting the two crucial production targets of 2018 and 2020. <\/p>\n
CIL has set a production target of 600 MT by 2018 and one billion tonnes by 2020.<\/p>\n
“This target is not unachievable. Please take this as a challenge and turn this into a possibility,” Goyal said at the 43rd foundation day celebration of CIL here last evening.<\/p>\n
Goyal, who is also the railway minister, said the goal would be to make the country self-sufficient in permanent availability of quality coal and at cheap rates. <\/p>\n
Exhorting the employees to come forward, he said it was the duty of each one of the CIL family to contribute to the fullest extent. <\/p>\n
There was no room for complacency, the said.<\/p>\n
For the current fiscal, the production target of 600 MT was reached by adding an incremental 46 MT to the last financial year’s figure.<\/p>\n
Goyal also laid the foundation stone of Indian Institute of Earth Sciences under the aegis of Ranchi-based Indian Institute of Coal Management.<\/p>\n
Coal secretary Sushil Kumar said CIL was sitting on a cash surplus of Rs 30,000 crore in its balance sheet.<\/p>\n
“What we need at the moment is increased productivity by the employees,” he said.<\/p>\n
CIL Chairman Gopal Singh said, “It is possible that we will not only meet, but also surpass the targets”.<\/p>\n
Commenting on the recently concluded wage agreement, Singh said, “This is a historical wage agreement. To make things easier for meeting the liability.”<\/p>\n
CIL has decided to contribute seven per cent to the pension fund, which will be matched by an equal contribution by the employees, he said.<\/p>\n
Singh said there had been fears that the pension of retired employees were going to stop in the next two to three years post implementation of the accord.<\/p>\n
In September, CIL had given 31 per cent more coal to the power plants, a trend which was maintained in the subsequent month, he said. <\/p>\n","protected":false},"excerpt":{"rendered":"
Coal Minister Piyush Goyal made a fervent appeal to the employees of state-owned Coal India Ltd (CIL) to work towards meeting the two crucial production targets of 2018 and 2020. CIL has set a production target of 600 MT by 2018 and one billion tonnes by 2020. “This target is not unachievable. Please take this as a challenge and turn this into a possibility,” Goyal said at the 43rd foundation day celebration of CIL here last evening. Goyal, who is also the railway minister, said the goal would be to make the country self-sufficient in permanent availability of quality coal […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[131],"tags":[],"class_list":["post-136845","post","type-post","status-publish","format-standard","hentry","category-coal"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/136845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=136845"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/136845\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=136845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=136845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=136845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}