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Coal India sees 2014-15 output at 507 MT - Chairman

Reuters reported that Coal India expects to produce 507 million tonnes for the fiscal year 2014 to 2015. Mr S Narsing Rao chairman of CIL said that “The estimate is about 7 percent higher than the revised 475 million tonnes the miner expects to produce for the year ending 31.03.2014. The state run miner aims to supply 520 million tonnes in 2014 to 2015. Last month, Mr Rao said that the company would settle for annual output growth of just 30 million tonnes for the next few years, a tenth of the possible 300 million.

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