CIL’s 1 billion tonne production target likely to be pushed

Coal India Limited’s (CIL) production target of 1 billion tonnes is likely to be pushed to 2025 instead of the earlier deadline of 2020. A key concern for CIL in meeting the original target is logistical bottlenecks at remote mines and availability/loading of railway rakes. In a separate development, CIL plans to strictly implement its credit policy and levy penal interest on payment delayed beyond 15 days and stop coal supply to generators if payments are not made. Over the past few years, dues from gencos have been hovering around Rs 100 billion, affecting the company’s finances adversely.

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