Northern Coalfields Limited (NLC), the wholly-owned operational subsidiary of State-run Coal India Limited (CIL), will invest an additional $612-million over the next three months of current financial year to hit its 100-million-ton-a-year production target.
Should it meet that target by the end of March next year with the incremental investment, NLC will be only the third CIL-operational subsidiary to achieve such a production level.