Coal news and updates

Coal India misses production target in April-May 14

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

The combined production shortfall for the first two months of 2014-15 fiscal was 3 per cent 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 per cent 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 per cent 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 per cent of the target.

Source: PTI