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New UserCoal India output for December exceeds target
04 Jan 2016
At present, coal stocks at power plants have touched 31 million tonnes and a number of plants are fin ding it difficult to accept additional coal from the company due to lack to storage area. According to sources, power companies, especially those in Rajasthan, Gujarat and Maharashtra are unofficially asking Coal India to go easy on ..
State-owned Coal India (CIL) said its production in December stood at 52.07 million tonnes (MT) as against the target of 51.08 MT for the month.
However, in the April-December this fiscal, the company produced 373.45 MT of coal, missing the target of 383.08 MT for the period, CIL said in a filing to BSE.
The government last week said the output by CIL crossed nine per cent over last year’s production.
Target missed for 2014-15
“Coal production by Coal India crosses 9 per cent over last year’s record production. Well done. Keep it going. Still a very long way to go,” Coal Secretary Anil Swarup had said in a tweet.
CIL accounts for over 80 per cent of the domestic coal production. Coal India missed the production target for 2014-15 by three per cent, recording an output of 494.23 million tonnes.
The government had set a production target of 550 million tonnes for the coal PSU for the current fiscal.
Source: The Hindu Business