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Business News/ Companies / CIL to focus on underground mines to meet 11th plan target
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CIL to focus on underground mines to meet 11th plan target

CIL to focus on underground mines to meet 11th plan target

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PTI

Kolkata: Faced with the challenge of producing an additional 159 million tonne of coal in the 11th Plan, state-run Coal India Ltd has decided to focus on increasing production from its underground mines, which had decreased in the 10th plan.

“CIL has to meet a stiff challenge and in the 11th Plan. The company is expected to increase production by 159 million tonne, roughly twice the growth achieved in the previous plan. In terms of annualised growth, this translates to an asking rate of 7.6% per annum against 5.4% achieved during the 10th Plan," CIL Chairman Partha Sarathi Bhattacharyya said here yesterday.

Given the distribution of coal reserves within and beyond 300 meters, he said, it was becoming increasingly evident that the trend of persistent decline in coal production from underground mines must be reversed during this plan period.

Against a decline of 5 million tonne per annum in underground production during the 10th plan, increase of at least 11 million tonne per annum was being targeted during 11th Plan, he said.

He said that persistent decline in underground production had been arrested in 2007-08 and in the current fiscal, a modest rise of about 0.5 m.t was achieved so far.

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Published: 02 Nov 2008, 02:45 PM IST
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