The ministry of coal is targeting production of 900 million tonne (MT) this financial year and national miner Coal India Ltd (CIL) would produce 700 MT coal, union coal minister Pralhad Joshi said on Wednesday. “During the last four months, CIL has set new record by producing around 207 MT of coal. Indian economy is growing at a very fast pace and coal based power generation has recorded 16.8 percent increase this year and the production of domestic coal has gone up by 22 percent. By the year 2030 India’s coal requirement will be of 1.5 billion tonne,” Joshi said. With regards to commercial mining, the minister said 43 mines have been awarded during the last two years.