Coal news and updates

3 CIL subsidiaries lag behind respective targets

January 21: Production of coal from four Coal India Ltd (CIL) subsidiaries -- NCL, WCL MCL and SECL-- as on January 6, 2014 was lagging behind their respective targets, but their below par performance was off-set to some extent by better-than-expected performance by three other subsidiaries that helped the company to reduce its production deficit as compared to the target, according to a recent data released by Coal India Limited.

With 84 more days to go in the current financial year (from January 6), CIL’s production stood at 349.90 million tons (mt), 13.26 mt lower from the target of 363.12 mt as on January 6 and it is expected that the company might end the current financial year with a total production of somewhere around 500 mt, only marginally lower from the target of 507.00 mt for the year, industry sources feel.

The deficit in production, as compared to the target, would have been higher had three subsidiaries – ECL, BCCL and CCL – all based out of the eastern part of the country, not produced more than their respective targets for the period.

“Production at MCL, SECL and CCL was affected in the first half of the year due to excessive heat, loading-related hurdles on account of local issues, particularly in MCL, but the situation is much better now and it is expected that things would improve significantly in the balance period of the year,” a source in CIL told ICMW.

“However, despite improvement in situation, the output at CCL is significantly lower as compared to the target, but we expect the company to improve the performance in the coming days,” the source added.

NCL’s output fell short by 6.85 mt to 49.42 mt in the current fiscal (till January 6) against a target of 56.27 mt. Output at WCL and SECL stood at 29.15 mt and 92.45 mt respectively in 2014-15 (till January 6) against their respective targets of 31.88 mt and 95.32 mt.

MCL, on the other hand, had produced 88.79 mt coal till January 6, 2015 as against its target of 89.96 mt.

Outputs from ECL and CCL surpassed their respective targets during the period under review. During the period ECL’s output stood at 27.37 mt against a target of 27.06 mt while CCL’s output during the period stood at 37.35 mt against a target of 36.97 mt.  BCCL, on the other hand, achieved nearly 100% target at 25.04 mt during the period against a target of 25.12 mt.

Overall production of Coal India Limited in the current fiscal (till January 6) stood at 349.90 mt against a target of 363.16 mt  (till January 6) which means that the company will have to produce 157.10 mt in the remaining 84 days to achieve 507.00 mt.