The Miner’s statement came after the CAG of India announced that six of CIL ‘s seven coal-producing subsidiaries had not developed environmental policies as mandated by the Ministry of Environment, Forestry and Climate Change. The world’s largest coal producer is forecast to reach double-digit output growth by January 2020.
Coal India Ltd said on Saturday that its coal-producing subsidiaries meet environmental and sustainability norms, but that there may be “few stray instances” of lapses.
The Miner’s statement came after the CAG of India announced that six of CIL ‘s seven coal-producing subsidiaries had not developed environmental policies as mandated by the Ministry of Environment, Forestry and Climate Change. The world’s largest coal producer is forecast to reach double-digit output growth by January 2020.
Coal India Ltd said on Saturday that its coal-producing subsidiaries meet environmental and sustainability norms, but that there may be “few stray instances” of lapses.
“I have not seen the CAG observation report but we have environmental and sustainable standards. We have also put our sustainability report in the public domain,” Coal India chairman and managing director A K Jha said on the sidelines of ICAI conference.
Jha further said, “You cannot operate such a large PSU without following these. By and large, all the subsidiaries follow standards. Our operation is in 8 states, there may be some stray cases (of lapses).”
The world’s largest coal miner is expected to achieve double-digit production growth by January 2020, he said.
Coal India production until November in the current fiscal year has suffered as a result of prolonged monsoon but has improved since December, Jha said.
“In December, we achieved 7.5 per cent growth and in January, we will cross 10 per cent,” he said.
Jha said the miner is trying to achieve its production target of 660 million tons for the current fiscal year.
