 "Mahanadi Coalfields sets target of 160 mt coal output for FY18")
Mahanadi Coalfields (MCL), a subsidiary of Coal India (CIL), hopes to overcome the production shortfall of the previous financial year and achieve an output of 160 million tonnes (mt) in 2017-18.
In 2016-17, MCL emerged as the largest coal producing subsidiary of CIL and, hence, was given the biggest target of 167 mt. However, MCL could produce only 139.21 mt, as key operating mines were hit by workers’ protests. The lower-than-expected production proved to be a key drag on CIL’s balance sheet. CIL was supposed to produce 598.61 mt in the previous financial year, but actual output shrunk to 554.13
