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The biggest mining company in India, state-run Coal India Ltd., achieved its output goal for the fiscal year 2024 by more than three-quarters, or 78%. The company's output rose to 78.4 million tonnes (MT) in January from 71.9 MT during the same period the previous year, a 9.1% increase.
Coal India produced 610.3 MT total for the current fiscal year, falling short of its 780 MT annual production target by 78.2%. Majority of the growth in production came from Eastern Coalfields and Central Coalfields.
Mahanadi Coalfields, which has the highest production share among Coal India's subsidiaries saw production surge by 8.1% from last year. On a year-to-date basis, barring Mahanadi Coalfields, Northern Coalfields and North-Eastern Coalfields, all of Coal India's subsidiaries have grown between 12% to 30%.
For the year so far, Coal India's production has grown by 11% year-on-year. Coal India's offtake in January grew by 4.8% to 67.6 MT, while on a year-to-date basis, offtake has grown by 8.3% to 619.5 MT.
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