His remarks also come against the backdrop of increasing focus on renewable energy sources for generation of power in different parts of the world.
Jha said the energy migration scenario in India would be "different", compared to many other countries which have been switching to renewable sources.
According to him, nine mining projects having a total capacity of 69.88 million tonnes per year have been sanctioned and the estimated cost is Rs 9,093 crore.
Besides, two rail projects with an outlay of Rs 6,656 crore have been approved.
For the first time, Coal India had breached the 600 million tonnes-mark in production as well as off-take of coal.
The miner produced 606.89 million tonnes of coal and supplied 608.14 million tonnes of the dry fuel, representing growth of 6.97 per cent and 4.8 per cent, respectively, compared to the previous fiscal.
During the meeting, a shareholder, however, said he was disappointed watching stock price heading towards a lifetime low of Rs 200 a piece, since the initial public offer nine years ago when the price was Rs 235 per scrip.
In late afternoon trade, shares of the company was down nearly three per cent at Rs 189.35 on the BSE.
There was chaos at the venue as security personnel prevented entry of media persons during early part of the meeting and they were later allowed after intervention of a senior official.
Coal Minister Pralhad Joshi is expected to conduct a review meeting at the company's head office on Thursday.