Coal India misses production target in April-May 14

Company registered a growth of 5% for the first two months

Coal India today reported provisional coal production of 36.27 million tonne (mt) for May, falling short by 6% from the target of 38.56 mt.

The combined production shortfall for the first two months of 2014-15 fiscal was 3% at 73.79 mt (provisional) against the target of 76.17 mt.

The miner though unable to meet its production target registered a growth of 5% for the first two months.

Eastern Coalfields, Bharat Coking Coal Ltd and Central Coalfields succeeded in surpassing production targets.

CIL coal offtake for May stood at 40.71 mt, lower by 7% compared to target of 43.78 mt.

Coal India achieved April-May 2014 offtake of 81.25 mt against a target of 88.94 mt, achieving 91% of the target.