Coal news and updates

Indian state-run Coal India Ltd posted output in October of 46.14 million mt, falling short of its 49.47-million-mt target despite being 6% higher on the year, the company said in a filing to the Bombay Stock Exchange Thursday.

 

April-October production rose 1.6% on the year to 278.01 million mt compared with a target of 292.77 million mt. The Indian fiscal year runs from April to March.

 

October offtake was up 12% year on year and on target at 48.28 million mt.

 

The government has asked CIL to increase supply to power plants across the country as several of them are facing a severe coal shortage.

 

The offtake over April-October was 317 million mt, below the 327.79-million-mt target despite being 6 8% higher than a year earlier.

 

CIL is India's largest coal producer as it meets around 84% of domestic coal requirements.

 

It aims to produce around 600 million mt coal in the current fiscal year and 1 billion mt of coal by 2019-20.

 

Source: platts