CIL's April production declines 3.4 percent

Coal India Ltd (CIL) said on Monday that it posted a decline of 3.4 percent in production in April this year as compared to same month last year.

It produced 40.09 million tonnes (mt) of coal in the first month of 2016-17) as against the target of 44.48 mt, achieving 90 percent of the target set for April.

CIL's off-take also fell by 2.5 percent in the last month as compared to corresponding month last year, at 42.45 mt against the target of 51.46 mt.

In a recent written reply in Lok Sabha, Coal Minister Piyush Goyal said that the company was chasing a production target of 598.60 million tonnes in the current fiscal. For FY17, the target of off-take of CIL was set at 598.61 mt and out of this, 450 mt will be supplied to power sector utilities.

At the beginning of the current fiscal, coal stock of the company stood at 57.67 mt. Coal stock increased during the last fiscal due to regulated lifting by power utility sector.

In the last fiscal, the miner produced 536.51 mt of coal against a target of 550 mt and its off-take stood at 532.26.

--IANS

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