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, 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E-mail ID will not be published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

  • Banks might be bracing for intense rate war for retail loans

    While select small banks have been slashing their deposit rates by five to 10 basis points over the past few weeks for short term adjustments to avoid

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

Tushar Gandhi

When too little could mean too late

The calamity in Jammu and Kashmir has once again shown ...

Purnendu Ghosh

Why art and science are natural partners

Art is qualitative and is generally associated with emotions. Science ...

Shona Adhikari

A toast to established and emerging talent

This week, our focus is on upcoming exhibitions in the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture