Coal India likely to scale back production as stock piles: Piyush Goyal3 min read . Updated: 29 Jan 2016, 01:53 AM IST
Goyal says Coal India is struggling to see how it can sell more coal quickly in order to liquidate the unsold pithead stock of 40 million tonnes
Kolkata: In a first, Coal India Ltd (CIL) may scale back production to cope with mounting inventory. Due to a lower offtake and higher production, the company may have to cut prices or even production to clear existing stock, Union power and coal minister Piyush Goyal said on Thursday.
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