Coal India Apr-Jun output at 121.23 MT; 12 pc growth in target

Coal India, the world's largest miner of dry fuel, recorded an output of 121.33 million tonnes (MT) in April-June 2015, recording a 12 per cent growth over the same period previous fiscal.
The coal giant achieved 99 per cent of the target during the period.
The development comes at a time when the government has already fixed a target of one billion tonne of production for the miner by 2019.
However, the miner missed its June target by about 2 million tonnes, producing 38.83 MT of coal.
CIL produced 121.23 MT of coal during April-June quarter of the current fiscal as against a target of 123.04 MT, the miner said in a filing to the BSE.

Performance wise, its Jharkhand-based arm Central Coalfields Ltd (CCL) registered the maximum 26.6 per cent increase in output of 12.59 MT as against a target of 10.50 MT during the period.

The coal giant said the target for June was fixed at 40.73 MT but the miner could produce only 38.83 MT.
The offtake of coal at the miner's end stood at 129.48 MT during the April-June period this year against the target of 135.35.65 MT.
For June 2015, the offtake of dry fuel was at 42.18 MT against the targetted 43.45 MT.
The Centre has announced plans to boost Coal India's annual production to the level of 1 billion tonnes by 2019 to meet growing fuel demand. However, the company has successively missed its output targets.