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Business News/ Industry / Energy/  Coal India August output at 34.5 million tonnes, misses target
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Coal India August output at 34.5 million tonnes, misses target

In April-August of current fiscal CIL produced 175.88 million tonnes of coal against target of 183.44 million tonnes

Coal India’s production target for 2014-15 has been set at 507 million tonnes, while the offtake target is 520 million tonnes. Photo: AFPPremium
Coal India’s production target for 2014-15 has been set at 507 million tonnes, while the offtake target is 520 million tonnes. Photo: AFP

New Delhi: State-owned Coal India (CIL) produced 34.54 million tonnes (MT) of coal in August, missing its target of 35.13 MT. The coal PSU is drawing flak from across the quarters for missing its output targets.

In the first five months of the current fiscal the company produced 175.88 MT of coal against the target of 183.44 MT, CIL said in a filing to BSE.

The company achieved an offtake of 37.30 MT in August as against the target of 37.83 MT, it added. Coal and power minister Piyush Goyal had earlier asked Coal India to ramp up production from its existing mines.

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

Production fell short of target because of various reasons, including lack of environment clearance to coal mining projects. In 2012-13, the company produced 452.5 MT of coal, falling 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.

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Published: 02 Sep 2014, 08:56 PM IST
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