On the 45th Coal India Foundation Day, Minister of Coal & Mines announced that Coal India will produce one billion tonne of coal by 2024.
About:
The Coal India Limited (CIL) will produce 750 million tonnes of coal by the Financial Year 2020-21 and would further produce one billion tonne of coal in the financial year 2023-24.
The CIL is currently given the target of producing 660 million tonnes of coal amounting to 82% of the country’s coal output.
Central government has recently decided 100% FDI under automatic route in coal sector. However, FDI in coal sector does not stand for FDI in Coal India.
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