Coal India Shifts Strategy: Production Dips as Liquidation Takes Priority
Strategic Shift in Production Coal India Limited (CIL), the world’s largest coal producer, reported an 11.6% decline in production for May 2024, outputting 56.1 million tonnes (MT) compared to the same period last year. In an exclusive interview with businessline, CIL Chairman and Managing Director B. Sairam clarified that this reduction is a calculated move…