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The Coal Ministry has set a production target of 482 million tonnes for Coal India Ltd (CIL) for 2013-14. This is four per cent higher than the production target of 464.1 mt set by the nodal Ministry for the State-owned miner in 2012-13.
The offtake target for 2013-14 has been set at 492 mt, almost five per cent higher than the 2012-13 target of 470 mt, said an official statement.
CIL, on Friday, signed a memorandum of understanding with the Coal Ministry for its key performance areas for 2013-14.
The company would require a growth rate of 7.11 per cent to meet its production target and 5.80 per cent to meet the offtake target next fiscal.
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