Coal India production slump likely to continue for another month

India’s state-owned and largest coal miner Coal India Ltd (CIL) expects the ongoing historic slump in production caused by heavy rains and land issues at its mines to continue for another month. The company’s production is down 6 per cent in the current financial year so far, the first such drop for the comparable period (April-July) in the past five years. 

CIL alone meets 80 per cent of India’s domestic coal demand across key industries including power, cement, and steel. 

“With the rains relenting in August, the production tempo is picking up. If this continues, hopefully by September end, CIL