Coal India misses production target

Coal India wants to produce 598 MT in 2016-17 FY

GN Bureau | December 2, 2016


#missed target   #Coal India   #PSU  


 Coal India Ltd (CIL), a maharatna PSU, produced 323.57 million tonnes (MT) of coal in the first eight months of the current fiscal, reported Press Trust of India.

However, the world’s largest coal miner failed to meet its target of 360.84 MT during the April-November period of the current fiscal, the company said in a regulatory filing.
 
Coal India which has a whopping share of over 80 percent of the domestic coal production is targeting to produce 598 MT in the current fiscal and to produce a billion by 2020. 
 
The report stated that in November, the miner produced 50 MT of the fossil fuel against a target of 53.85 MT. 
 

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