The Coal Ministry of India has directed the state-owned miner Coal India Limited(CIL) to keep the production and offtake target at 710 million tonnes keeping in mind its target to achieve fuel production of 1 billion tonnes by FY24 as the government expects coal demand to pick up after the lockdown gets lifted.
Indian Coal Minister Pralhad Joshi said, “The demand of coal will pick up again after coronavirus lockdown, so I have directed CIL to keep the production and offtake targets at 710 million tonnes for FY2020-21 in line with its goal to achieve one billion tonne coal production by FY 23-24.” At the same time, the company’s Overburden (OB) removal target for FY 20-21 was also set at 1580 million cubic meters.
Moreover, CIL management was also asked by the Minister to approach the companies presently importing coal to cater to their demand and advised them to chalk out a detailed plan to substitute import of coal.
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Source: The Hindu Business Line
