Economy & Market
CIL may register de-growth in FY'20
Coal India (CIL) may witness a de-growth in production in the current year as its output is expected to be lower than 607 million tonne achieved in the previous fiscal, sources said. The production is likely to be at 602-603 million tonne in 2019-20, they said. The miner is also likely to witness a decline in off- take in the current fiscal as compared to its 608 million tonne supply in the previous year, they said. Till March 28, the coal output was 591 million tonne and the company is likely to produce another 12 million tonne in the next three days, given the average output trend at present.