Will Coal India meet its production target?
The offtake numbers for the June quarter, too, have been encouraging. CIL's offtake stood at 112.92 million tonnes in the three months ended June, which represents about a 6% increase compared with a year ago
Coal India Ltd (CIL) is likely to raise its production target for the current fiscal year. The company achieved its target for the June quarter, registering a 6.4% year-on-year (y-o-y) increase in production, Mint reported on 5 July. This seems to have given the firm the confidence that it will beat the 464 million tonnes target it had set earlier, which represented a 6.5% y-o-y increase in production.