Insta
‘Coal India To Produce One Billion Tonnes Of Coal, Offer 10 Thousand New Jobs By 2024’: Union Minister Prahlad Joshi
Representative image. (George Frey/Getty Images)
Union Minister of Coal and Mines Pralhad Joshi has announced that Coal India Limited (CIL) will produce 750 million tonnes of coal by the end of FY21 and will target production of one billion tonnes of coal by FY24, a government press release said.
The CIL currently produces around 660 million tonnes of coal amounting to 82 per cent of the country’s coal output.
Speaking at the 45th Foundation Day of CIL in Kolkata, Joshi added that the government-owned firm will also offer around ten thousand new jobs in a boost to employment in the sector.
“It is heartening to know that Coal India has planned for huge capital investments for its works and expansion programs, along with bringing in new technologies in its operations. The company will also be on hiring personnel and I am hopeful that it will achieve all assigned goals on time.” the minister said.
Referring to the central government’s recent decision of 100 per cent FDI under automatic route in the coal sector Joshi added that with the demand for power rising steeply, there is enough opportunity for both government and private sectors to produce coal without adversely impacting each other.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
