Coal news and updates

Coal India misses November production target by 4.42%

State-owned Coal India's production stood at 47.47 million tonnes in November, down by 4.42 per cent from the targeted output level for the month.

In a regulatory filing, CILBSE 0.12 % said the actual coal production was 47.47 million tonnes in November this year, while the offtake was 45.33 million tonnes in the same month.

During the April-November period of this fiscal, total coal production was 321.38 million tonnes, it added.

The government has set one billion  tonne production goal for the company by 2020. The corresponding figure for the current fiscal is 550 million tonnes.

Coal India missed the production target for 2014-15 by 3 per cent, recording an output of 494.23 million tonne. The company accounts for more than 80 per cent of the domestic coal production.

source: http://economictimes.indiatimes.com