CIL had last month said that coal production in some of the major mines is still affected due to high stock and less offtake.
'Given the situation, we are hopeful to end the year with 650-660 million tonne of production,' Coal India Chairman Pramod Agrawal said at a webinar organised by Bharat Chamber of Commerce.
According to the new guidelines, from now on, foreign direct investment in commercial coal mining from a country sharing land border with India will be allowed only after government approval.
Presently, nine mines have been put up for commercial mines auction in Chhattisgarh. Joshi, who is on a visit to Chhattisgarh, also met Chief Minister Bhupesh Baghel.
Coal and Mines minister Pralhad Joshi said that Coal India's around four lakh on roll and workers on contract will get benefited from this decision.
Chhattisgarh Olympic Association: First time due election process will see fewer politicians acquiring posts
To ensure a free and fair election, an observer has also been appointed by the Indian Olympic Association.
CIL spent Rs 810 crore on its capital expenses in the April-June period of the previous financial year.
The attendance of the employees progressively increased from the first day of the strike over the three-day period, averaging close to 36 per cent.
Stating the protest has been 'self-oriented', he said coal mines across the country which were closed on Friday are not functioning on Saturday as well.
The MoU enabled RITES to achieve a fee income of around Rs 100 crore per year, the company is expecting an increase in it due to additional scope
D D Ramanandan of CITU-affiliated All India Coal Workers Federation said that so far on Friday there are no reports of any disruptions or strike getting weaker.
Protestors gathered outside the Central Coalfields Limited (CCL) headquarters and shouted slogans against commercial mining.
The unions on Thursday went on the strike from the first shift which begins at 0600 HRS, Nathulal Pandey, president of HMS-affiliated Hind Khadan Mazdoor Federation said.
A virtual meeting was held between Coal Minister Pralhad Joshi and representatives of trade unions on Wednesday, Nathulal Pandey, president of HMS-affiliated Hind Khadan Mazdoor Federation said.
The company had posted a consolidated profit of Rs 6,026.47 crore in the year-ago period, Coal India Ltd (CIL) said in a filing to the BSE.