Millennium Post
Business

CIL produced 43 mt coal last month

State-owned Coal India (CIL) produced 42.56 million tonnes (mt) of coal in February, missing its target of 45.41 MT. However, no reasons were given by the company for missing the target.

The company’s offtake during the month was at 40.48 mt, while CIL target for February was 43.02 MT, the company said in a filing to BSE. CIL’s production in the first eleven months of the current fiscal was 409.13 mt while the company’s target during the period was 429.29 mt, it said. The company’s offtake during April-February period was 426.44 mt, against the target of 444.20 mt, it added.

The state-owned firm had earlier said that it may miss the production target of 482 MT for the 2013-14 fiscal by around 5 MT. The company had said that cyclone Phailin as well as law and order problems at its subsidiaries Mahanadi Coalfields Ltd and Central Coalfields Ltd would be among the reasons for the likely shortfall.

CIL had suffered a production loss of over one mt due to the shutdown of mining activities in Talcher Coalfields in Odisha. Coal Minister Sriprakash Jaiswal had earlier asked the state-owned company to ensure that the output target for FY 2014 is met.
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