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CIL beats its Oct output target of 39.74 mt, produces 40.20 mt

CIL beats its Oct output target  of 39.74 mt, produces 40.20 mt
Coal India Ltd, the world's largest producer of the fuel, produced 40.20 million tonnes of coal in October, beating its target for the first time in seven months.

Coal India, which has been under intense scrutiny for missing output targets during the last few years, had set the target of 39.74 million tonnes for October.

It, however, fell short of its production target of 259.85 million tonnes for April-October by 8.9 million tonnes, the company said in a filing to stock exchanges.

No reason was given by Coal India Ltd (CIL) for missing the target for April-October period.

Coal India has a target of supplying 408 million tonnes of coal to power firms this fiscal.

The company's offtake in October stood at 39.11 million tonnes, against the target of 40.94 million tonnes.

Coal India had missed its output target for the fifth consecutive month in September, producing 34.88 million tonnes of coal against the targeted 36.17 million tonnes (MT).

In August, the output was 34.54 million tonnes  against the target of 35.13 million tonnes. In July, it achieved a production of 33.01 million tonnes  (35.86) and in June it was 34.54 million tonnes  (36.84).

PTI

PTI

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