"Because if there is Rs 5,000-Rs 6,000 crore of outgo that has to be generated. We cannot let the stock prices tumble. We cannot let the profitability tumble. So, they (CIL) have to work for productivity and production enhancement," Kumar said.
The public sector firm had signed the agreement at 20 per cent hike in salaries against workers' demand for a 50 per cent raise.
"I think they (CIL) have discussed something about productivity also with employees. So obviously, I would feel that this much money can be generated," the secretary stressed.
When asked whether the PSU go for price hike to offset the impact, he said: "Price rise is an issue on which government does not intervene. It is for the board (to take a call on it".
In 2017-18, CIL has been pegged production target at 600 million tonnes (MT) with an annualised growth of about 8.3 per cent over the last year. In 2018-19, the envisaged coal production projection is 773.70 MT with a growth of about 28.95 per cent. The miner is eyeing an output of one billion tonnes by 2019-20.