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Production up by 9 percent in FY 2015 for Coal India

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New Delhi: State-run Coal India Limited (CIL) produced nine percent more coal in the current fiscal than in 2014, the government said on Saturday.

In a tweet, coal secretary Anil Swaroop said: “Coal production by Coal India crosses nine percent over last year’s record production. Well done. Keep it going. Still a very long way to go.”

In the current fiscal, CIL’s production rose by 8.8 percent to 321.38 million tonnes from April to November against 295.4 million tonnes in the same period last year, an official said.

For CIL, the government set a target of one billion tonnes of coal production by 2020. This year’s target was fixed at 550 million tonnes while last fiscal’s target was missed by 3 percent with an output of 494.23 million tonnes. (IANS), (image courtesy: biocat-project.com)

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Coal India misses October output target by 5 percent

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Kolkata: Although state owned miner Coal India over-achieved its offtake target for October, it missed its provisional coal output target which fell by five percent for the same month against the target.

Against a coal output target of 46.84 million tonnes (mt) last month, the miner could dig out 44.37 million tonnes of coal while the offtake was 44.41 mt against a target of 44.31 mt, Coal India said in a filing with the Bombay Stock Exchange (BSE).

One of its biggest subsidiaries – Mahanadi Coalfields (MCL) – missed the target of 13.65 mt of coal by 16 percent, while the other large subsidiary – South Eastern Coalfields (SECL) – over-achieved the target of 11.67 mt by two percent.

Offtake from MCL fell short by three percent at 11.74 mt, but from SECL exceeded the target by eight percent at 11.90 mt.

Production from Northern Coalfields (NCL), Western Coalfields (WCL) and Central Coalfields (CCL) hit the bull’s eye at 6.90 mt, 3.56 mt and 4.86 mt respectively.

The offtake from NCL also exceeded the target of 6.25 mt by nine percent. However, WCL’s offtake (3.47 mt) fell short by four percent and CCL’s target of 4.87 mt was lagged by just a percent to the target.

From April to October, both the coal output as well as the offtake targets could be achieved 97 percent only.

The total output in the aforesaid months stood at 273.91 mt against the target of 282.33 mt while the offtake stood at 295.80 mt against the target of 304.03 mt.

(IANS)

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