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Coal India likely to post marginal production degrowth in FY21

In 2019-20, the miner produced 602 million tonne down from 606.9 million in 2018-19 when it registered its highest production.

March 28, 2021 / 03:39 PM IST
Coal- File Image

Coal- File Image

 
 
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World's largest miner Coal India is likely to post marginal contraction of its output for the year 2020-21 by 5-6 million tonne in 2020-21 as its production will below the 600 million mark, sources said on Sunday.

In 2019-20, the miner produced 602 million tonne down from 606.9 million in 2018-19 when it registered its highest production.

It will be the second year in a row when the miner will register degrowth. The miner had projected a 660 million tonne production target and by mid-year the company had been expecting to attain 630-640 million tonne of output.

Officials attributed Covid-19 disruptions as the key factor behind lower demand resulting in a stockpile building up, compelling the mining giant to moderate output.