Coal India achieves 536 million tonnes output in fiscal 2016, misses target1 min read . Updated: 02 Apr 2016, 12:45 AM IST
Record coal production and offtake has resulted in unprecedented 28-day average inventory of coal at power plants, says Anil Swarup
New Delhi: State-owned Coal India Ltd (CIL) has achieved an 8.5% growth rate in production at 536 million tonnes (MT) in 2015-16, but missed the output target of 550 MT for the just-concluded financial year.
Coal secretary Anil Swarup in a tweet said, “Coal India Ltd (CIL) achieves a record production of 536 MT during FY15-16, 42 MT more than the previous year, growth of 8.5%."
The record coal production and offtake has resulted in unprecedented 28-day average inventory of coal at power plants, the secretary said further.
“Consequent to record production of coal by Coal India, no power plant critical or supercritical for want of coal," Swarup tweeted.
The secretary had earlier said that CIL might miss the production target of 550 MT for 2015-16 by 10-15 MT due to slump in demand.
CIL, which accounts for over 80% of the domestic production, is aiming to double the output to one billion tonnes in next four years.
“(For CIL) 550 million tonnes would now be a little difficult in the given circumstances. I think they would be able to hit anywhere between 535 MT and 540 MT. Reason being there is a demand slump," Swarup had said.