<p>Kolkata: Coal India Limited (CIL) is expecting a production of 788 million tonnes (MT) and an offtake of 765 MT for the current fiscal year ending March 2025, its chairman P M Prasad said on Monday.</p>.<p>The initial production target was 838 MT, which was revised to 806-810 MT in January.</p>.Assam coal mine mishap: Bodies of remaining five miners recovered after 42 days.<p>In FY'24, the company achieved production of 773.65 MT, reflecting a 10 per cent year-on-year growth.</p>.<p>Speaking at a mjunction organised Coal market conference the chairman attributed the slowdown in offtake to a rake shortage in large mines, but remained optimistic about growth in the coming months.</p>.<p>Both production and offtake are expected to grow by 1.5 per cent this year, based on current estimates against 10 per cent and 8.5 per cent growth, respectively, last year.</p>.<p>Prasad also mentioned that the availability of rakes had been a concern due to the Kumbh Mela, but after discussions with the Railways, rake availability has improved.</p>.<p>On the issue of international coal prices softening, Prasad ruled out any price rationalisation by CIL.He emphasised that Coal India aims to complement, not compete with, commercial mines.</p>.<p>He further urged private commercial block owners to seek support from Coal India's CMPDI, as the company is committed to complementing the government’s target of reducing coal imports.</p>.<p>Coal India has set a production target of 868 million tonnes for FY'26. </p>
<p>Kolkata: Coal India Limited (CIL) is expecting a production of 788 million tonnes (MT) and an offtake of 765 MT for the current fiscal year ending March 2025, its chairman P M Prasad said on Monday.</p>.<p>The initial production target was 838 MT, which was revised to 806-810 MT in January.</p>.Assam coal mine mishap: Bodies of remaining five miners recovered after 42 days.<p>In FY'24, the company achieved production of 773.65 MT, reflecting a 10 per cent year-on-year growth.</p>.<p>Speaking at a mjunction organised Coal market conference the chairman attributed the slowdown in offtake to a rake shortage in large mines, but remained optimistic about growth in the coming months.</p>.<p>Both production and offtake are expected to grow by 1.5 per cent this year, based on current estimates against 10 per cent and 8.5 per cent growth, respectively, last year.</p>.<p>Prasad also mentioned that the availability of rakes had been a concern due to the Kumbh Mela, but after discussions with the Railways, rake availability has improved.</p>.<p>On the issue of international coal prices softening, Prasad ruled out any price rationalisation by CIL.He emphasised that Coal India aims to complement, not compete with, commercial mines.</p>.<p>He further urged private commercial block owners to seek support from Coal India's CMPDI, as the company is committed to complementing the government’s target of reducing coal imports.</p>.<p>Coal India has set a production target of 868 million tonnes for FY'26. </p>