Coal India's production rises 5.4% in July

Coal India Ltd (CIL) on Monday reported a 5.4 percent rise in its production for the month of July this year to 36.74 million tonnes (mt) as compared to 34.83 mt produced in the same month last year.

According to provisional data, coal behemoth's July production achieved 91 percent of the target set for the month at 40.29 mt.

CIL's off-take also rose by 1.4 percent in the last month to 41.47 mt as compared to 40.88 mt in the year-ago month.

The miner produced 125.65 mt of coal in April-June quarter of the current fiscal against a target of 132.43 mt. It achieved 95 percent of the production target set for the quarter. However, its production grew by 3.5 percent in the period as compared to 121.33 mt produced in the corresponding period last year.

The miner set a target of 598.60 mt of production in the current fiscal. For 2016-17, its off-take target was set at 598.61 mt and out of this, 450 mt will be supplied to power sector utilities.

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 mt.

--IANS

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