Coal India misses output target in June; production at 34.5 MT

State-owned Coal India (CIL) achieved an output of 34.54 million tonnes (MT) in June,

RELATED ARTICLES

missing its target of 36.54 MT.

This comes at a time when the PSU is drawing flak for missing production targets.

CIL's output in the April-June period of the current fiscal was at 108.33 MT, while the target for the quarter was 113. 01 MT, the company said in a filing to BSE.

The company's offtake in June was 38.29 MT, missing its target of 42.01 MT.

Last month Coal and Power Minister Piyush Goyal had asked Coal India to ramp up production from its existing mines.

CIL, which accounts for 80 per cent of domestic coal production, missed its output target of 482 million tonnes for 2013-14, producing 462 million tonnes during the period.

Production fell short of target because of various reasons, including lack of environment clearance to the coal mining projects.

In 2012-13, the company produced 452.5 million tonnes of coal, short of the 464 MT target.

Coal India's production target for 2014-15 has been set at 507 MT, while the offtake target is 520 MT.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • RBI and government intervention is vital if all Indians are to have homes by 2022

    There is a strong case for interest subvention for India’s real estate sector.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

Public perception on climate change

Climate change is already happening; however, surveys conducted in 2008 ...

Parvez Imam

The absoluteness in representations

When a representation replaces the original object or subject, a ...

Dharmendra Khandal

Religion and conservation must go hand in hand

In 1986, former president of WWF International, HRH Prince Philip, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture