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Coal India misses Apr-Dec output target by 15 MT

PTI | Last Updated: Thursday, January 2, 2014 - 18:25

New Delhi: State-owned Coal India Ltd (CIL) has recorded an output of 319.19 million tonnes
(MT) for the April-December period, missing the target by 4.5 percent.

The world's largest coal miner has set a production target of 334.44 MT for the nine-month period.

On the offtake front, the miner missed the target by 3.5 percent in the April-December period to 341.52 MT as against 353.94 MT, the PSU said in a filing with BSE.

However, no reasons were given by the company for missing both the output and offtake target.
Coal India has also marginally missed its target for December by producing 44.49 MT against 45.06 MT.

As regards offtake during December, it stood at 42.92 MT against a target of 43.51 MT.
CIL, which accounts for over 80 percent of the domestic production, contributed 452.5 MT of coal in the previous financial year, compared with the target of 464 MT.

The Coal Ministry has set a production target of 482 MT and offtake of 492 MT for CIL for 2013-14.

Coal India shares closed at Rs 283 a piece on BSE, down 3.05 percent against the previous close.

First Published: Thursday, January 2, 2014 - 18:25
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