Coal India misses April-Sept production target by 11.43 mt

9/10/17

State-owned Coal India produced 231.87 million tonnes (MT) of coal in April-September period this fiscal, missing the output target by 4.69 per cent or 11.43 MT.

The production target for the first six months of 2017-18 financial year was set at 243.3 MT, Coal India (CIL) said in a filing to BSE.

These are provisional figures of Coal India and its subsidiary companies, the miner said.

On individual basis, two subsidiary companies — Central Coalfields Limited (CCL) and Northern Coalfields Limited (NCL) — have produced more than their respective targets, the data showed.

CCL production was at 20.84 MT in April-September, higher than the targeted 15.50 MT. NCL produced 42.80 MT of coal against the target of 41.83 MT in April-September.

During September, Coal India produced 38.77 MT of dry fuel, a little above the target of 38.32 MT set for the month.

The company’s also missed its offtake target of 279.66 MT for April-September by achieving 269.02 MT in the period.

For September, the offtake was higher at at 43.58 MT than its target of 42.34 MT.

Other subsidiaries of Coal India are Eastern Coalfields Limited (ECL) Bharat Coking Coal Limited (BCCL) Western Coalfields Limited (WCL) South Eastern Coalfields Limited (SECL) Mahanadi Coalfields Limited (MCL) North Eastern Coalfields (NEC).

Source: The Hindu Business Line