Advertisement
UK markets close in 1 hour 59 minutes

  • FTSE 100

    8,117.13
    +38.27 (+0.47%)
     

  • FTSE 250

    19,784.58
    +182.60 (+0.93%)
     

  • AIM

    755.19
    +2.07 (+0.27%)
     

  • GBP/EUR

    1.1674
    +0.0018 (+0.15%)
     

  • GBP/USD

    1.2508
    -0.0003 (-0.03%)
     

  • Bitcoin GBP

    51,016.55
    +503.22 (+1.00%)
     

  • CMC Crypto 200

    1,380.38
    -16.15 (-1.16%)
     

  • S&P 500

    5,077.99
    +29.57 (+0.59%)
     

  • DOW

    38,083.21
    -2.59 (-0.01%)
     

  • CRUDE OIL

    84.20
    +0.63 (+0.75%)
     

  • GOLD FUTURES

    2,359.50
    +17.00 (+0.73%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,073.81
    +156.53 (+0.87%)
     

  • CAC 40

    8,056.42
    +39.77 (+0.50%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Coal India's 2017/18 production seen at 660 million tonnes - coal secretary

Reuters
A worker unloads coal from a goods train at a railway yard in the northern city of Chandigarh, India, July 8, 2014. REUTERS/Ajay Verma/Files

NEW DELHI (Reuters) - State-owned Coal India Ltd, the world's largest coal miner, is expected to raise its production to 660 million tonnes in 2017/18 fiscal year, the coal secretary said on Friday.

The miner is expected to achieve its 2016/17 production target of 575 million tonnes and aims to raise output to 1 billion tonnes by 2020, Susheel Kumar told television news channel CNBC-TV18 in an interview.

With coal accounting for about 70 percent of India's power generation, the country is the world's third-biggest producer and importer of the fuel, and government wants to boost domestic output to cut imports.

Coal India, however, has failed to meet its output targets for years due to several reasons including strikes, accidents and protests.

During April-December, Coal India produced 378 million tonnes, lagging behind its target for this financial year ending in March.

(Reporting by Neha Dasgupta; Editing by Malini Menon)