Coal India misses April-December output target by 15 mn tonne

Company has also marginally missed its target for December by producing 44.49 mn tonne against 45.06 mn tonne

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

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

On the offtake front, the miner missed the target by 3.5% in the April-December period to 341.52 mn tonne as against 353.94 mn tonne, 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 mn tonne against 45.06 mn tonne.

As regards offtake during December, it stood at 42.92 mn tonne against a target of 43.51 mn tonne.

CIL, which accounts for over 80% of the domestic production, contributed 452.5 MT of coal in the previous financial year, compared with the target of 464 mn tonne.

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

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