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ICICI Direct Report
Coal India Ltd. is one of the largest coal producers in the world.
For FY23, Coal India has maintained its production target of 700 million tonnes. Of the 700 million tonne target for FY23 the production break-up is ~44% during H1 FY23 and ~56% during H2 FY23.
For FY22, the company incurred a capex of Rs 15401 crore against the targeted capex of Rs 14685 crore. Capex for Q1 FY23 was at Rs 3034 crore.
For FY23, Coal India is targeting capex to the tune of Rs 16500 crore. The company is aiming to achieve 1 billion tonnes of coal production by FY26.
Coal India plans to achieve coal production of ~900 million tonne by FY25. The company has guided for ~5% reduction in manpower annually for the next five to 10 years (FY22 base of 248550 employees).
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