Coal news and updates

SECL aims to exceed Q4 output target, bridge shortfall

Even though missing its production target till December 2015, South Eastern Coalfields Ltd (SECL) is aiming at exceeding the fourth quarter (Q4) target of around 34.18 million tons (mt) in order to achieve the yearly target, a company source told ICMW.

“Whatever shortfall is there will be bridged in the next three months. The company is set to achieve the yearly target comfortably,” the source said.

SECL, the second largest miner in the Coal India (CIL) stable after Mahanadi Coalfields (MCL), has achieved 98% of its production target so far, as it clocked 96.16 mt during April-December, 2015.

In order to achieve its yearly target of 132 mt, the miner needs to register a production volume of 35.84 mt during the last three months (January-March) of the current fiscal.

“Our despatch position is quite comfortable. There are no issues regarding availability of rakes. So, achieving the production target should not be a problem,” the source said.