1. Coal India May output at 42.5 million tonnes; misses target

Coal India May output at 42.5 million tonnes; misses target

State-run Coal India today said that it achieved a production of 42.58 million tonnes in May, lower than the target of 44.64 million tonnes (MT) for the month.

By: | New Delhi | Published: June 1, 2016 10:02 PM
Coal India shares, sensex

Coal India which accounts for over 80 per cent of the domestic coal production has a target of of achieving 1 billion tonnes by 2020. (Reuters)

State-run Coal India today said that it achieved a production of 42.58 million tonnes in May, lower than the target of 44.64 million tonnes (MT) for the month.

During the months of April and May, the miner produced 82.93 MT of coal against the target of 89.12 MT (provisional), Coal India (CIL) said in a filing to BSE.

Coal offtake in May was lower at 45.53 MT than the targetted level of 50.90 MT for the month.

In April and May, the coal offtake stood at 88.23 MT as against the target of 102.36 MT.

Coal India which accounts for over 80 per cent of the domestic coal production has a target of of achieving 1 billion tonnes by 2020.

The government has set a production target of 598 million tonnes for the CIL for the current fiscal.

Tags: Coal India
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