Coal news and updates

Coal India output up 9 %

Government said coal output by state-owned Coal India Limited (CIL) crossed 9 per cent over last year’s production adding that there is “still a very long way to go” amid the PSU eyeing one billion tonnes production target.

“Coal production by Coal India crosses 9 per cent over last year’s record production. Well done. Keep it going. Still a very long way to go,” Coal Secretary Anil Swarup said in a tweet. Coal India’s production had jumped 8.8 per cent to 321.38 million tonnes (MT) during April-November period of the current fiscal. CIL produced 295.40 MT during the same period last year, a company official said. The government has set one billion tonnes production goal for the company by 2020.

CIL accounts for over 80 per cent of the domestic coal production.

The government has set a production target of 550 MT for the PSU for the current fiscal. CIL missed the production target for 2014-15 by 3 per cent, recording an output of 494.23 million tonnes.

source: http://www.thehindu.com