Coal India misses production target

April 3rd, 2012 - 1:30 am ICT by IANS  

Kolkata, April 2 (IANS) State-run Coal India (CIL) Limited Monday said it has ended the last fiscal with a production of 435.84 million tonnes (mt) compared to 431.32 mt in the previous fiscal, registering a growth of 1.0 percent.

The coal major, however, missed the annual production target, which was fixed at 447 mt for FY12.

The company, which is the largest coal miner in the world, said off-take of raw coal reached an all time high of 432.53 mt during the year 2011-12, surpassing previous highest figure of 424.50 mt achieved last year, representing a growth of 1.9 percent.

The Maharatna company had reported negative production growth of 19 percent and 16.9 percent in the months of August and September, 2011, due to unprecedented rains.

Production picked up in February, 2012, recording 17 percent growth over the previous year.

“Coal production and off-take in March were the highest ever in a single month since inception,” CIL CMD Zohra Chatterji said in a release here.

The coal major was now geared up to attain the production target of 464.1 mt for 2012-13, she added.

Related Stories

    Posted in Uncategorized |