India eyes 1.2 bil mt coal production by 2023-24 to cut imports, improve supply

India aims to increase its domestic coal production to 1.2 billion mt by 2023-24 to reduce imports and bridge the demand-supply gap, according to a coal ministry statement Feb. 9, a near 75% rise from what the country produces currently. To achieve the target, the government has rolled out a number of steps including the commercial auction of coal on…