CIL Aims To Produce 1bn Tonnes Of Coal Annually

News: State-owned Coal India Limited (CIL) aims to produce 1bn tonnes of coal annually by 2020. The company currently produces 494mn tonnes of coal per annum and targets to achieve a 15% compound average annual growth rate. 'CIL will invest USD20bn to USD25bn over the next five years to ramp up production. The country will be self-sufficient in thermal coal in the next two years,' Coal Minister Piyush Goyal said (Engineering News). Goyal noted that the company will build 75 to 100 new...

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