Despite the underperformance of the state-owned subsidiary, the Ministry of Coal and Coal India (CIL) is counting on South Eastern Coalfields (SECL) to meet its output target for 2022-23 (FY23). CIL, which accounts for more than 80 percent of domestic production, has set a target of 700 million tonnes (MT) for FY23.
In FY22, SECL's output lagged more than 5 percent on annual plan. Last year, the company set a target of 150 tons. However, it could extract 142.5 tons. The Bilaspur-based company fell to second in production among CIL's eight entities. Mahanadi Coalfields, based in Odisha, took the top spot.
This fiscal year, SECL has set a target of 182 tons. The coal ministry and CIL are closely monitoring the situation.