'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.
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.
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.
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.
Trade unions said their outfits in the subsidiaries had either sent or are in the process of sending the notices, the .
The development comes at a time when the government plans to launch the process of commercial coal mining on Thursday.
The trade unions of Coal India are against the Centre's decision to allow commercialisation of coal, plans to carve out its subsidiary Central Mine Planning and Design Institute, etc.
'The central trade unions namely Hind Mazdoor Sabha, AITUC, INTUC (held) dharna, procession today,' Nathulal Pandey, president of the Hind Khadan Mazdoor Federation, said.
This growth comes amid Coal India looking to tap the non-power sector to consume its coal in the wake of a slump in demand for the dry fuel.