Coal India misses production target by 7%

Kolkata, March 2:  Coal India Ltd (CIL) on Thursday reported 495.09 million tonnes (MT) of production in April-February in the current fiscal, but missed the target by nearly seven per cent. CIL, with a target to produce 531.32 MT during eleven months, clocked a 1.4 per cent growth in production from 488.06 MT in the same period of 2016-17, its provisiol data showed. However, the state-run miner achieved a seven per cent growth in off-take to 525.09 MT during April-February of 2017-18 as against a target of 541.60 MT for the period. The miner had an off-take of 490.86 MT during the same period in the previous fincial year (2016-17). CIL’s production for February (2018) was 54.46 MT, missing the target of 61.43 MT for the month by 11 per cent. Its off-take for last month stood at 49.97 MT, also missing the month’s target of 52.14 MT by four per cent. (IANS)