NEW DELHI (Reuters) - Coal India Limited, the world's biggest miner, will miss its production target for 2012/13 by 5-6 million tonnes, but will meet its supply target of 470 million tonnes by drawing down from stocks, its chairman said on Thursday.
The production target is 464 million tonnes for the current fiscal year that ends in March.
The state-run miner, which produces about 80 percent of India's total coal output, has a stockpile of 47 million tonnes as of today, he said, nearly 24 million tonnes lower than its opening stocks at the beginning of this financial year.
(Reporting by Malini Menon; Editing by Jo Winterbottom)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app