State-run Coal India recorded an output of 121.33 million tonnes (MT) in the months of April-June 2015, recording a 12 percent growth over the same period previous fiscal. The company achieved a total of 99% target during this period.
The government had already fixed a target of one billion tonne of production for the miner by 2019 and this development has helped them in moving towards that target. However, the miner missed its June target by about 2 million tonnes, producing 38.83 MT of coal. CIL produced 121.23 MT of coal during April-June quarter of the current fiscal as against a target of 123.04 MT, the miner said in a filing to the BSE.
CIL’s Jharkhand-based arm Central Coalfields Ltd (CCL) registered the maximum 26.6 percent increase in output of 12.59 MT as against a target of 10.50 MT during the period. The coal giant said the target for June was fixed at 40.73 MT but the miner could produce only 38.83 MT. The offtake of coal at the miner’s end stood at 129.48 MT during the April-June period this year against the target of 135.35.65 MT. For June 2015, the offtake of dry fuel was at 42.18 MT against the targetted 43.45 MT. The Centre has announced plans to boost Coal India’s annual production to the level of 1 billion tonnes by 2019 to meet growing fuel demand. However, the company has successively missed its output targets.
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