CIL would meet target of 2012-13: Jaiswal
14 Jun 2012 12:20 AM GMT
Buoyed by the performance in April-May, the government on Wednesday expressed hope that Coal India Ltd [CIL] would meet its production target of 464 million tonnes for 2012-13 fiscal.
‘Overall, I am satisfied with the performance of Coal India [CIL] ... After seeing the progress in production of the company in the month of April and May, I am hopeful that the PSU firm will achieve its annual target,’ coal minister Sriprakash Jaiswal said.
The minister, which reviewed the performance of CIL and its subsidiaries, Neyveli Lignite Corporation and Singareni Collieries Company today, also expressed hope that CIL would be able to achieve coal offtake and overburden removal target for 2012-13.
CIL produced 69.38 MT of coal in April-May this year, registering a growth of 5.6 per cent over the same period in 2011-12. The PSU firm had produced 65.67 MT coal in the first two months of the last financial year.
‘The production growth in April and May is 5.6 per cent and the overburden removal growth is 10.3 per cent,’ the minister said.
The coal offtake of CIL during both the months in the current fiscal was 76.53 MT over 72.8 MT in the same period last fiscal. The company had achieved 435.84 MT in 2011-12 against the targeted 447 MT.
The PSU firm had stated that it would have to increase production by 6.5 per cent to meet the output target for 2012-13.
Its production grew by 3.5 per cent in April over the same month last fiscal. Talking about coal dispatch target, coal secretary S K Srivastava said, ‘There would be production of 464 MT by Coal India and Singareni is also going to put in a dispatch of 54 MT. Captive plants are going to give a dispatch of about 42 MT and other forces are 18 MT, therefore the total dispatch target is 584 MT.’
Talking about coal import, he said, ‘We are in dialogue as to whether Coal India can also facilitate import of coal.’
‘Overall, I am satisfied with the performance of Coal India [CIL] ... After seeing the progress in production of the company in the month of April and May, I am hopeful that the PSU firm will achieve its annual target,’ coal minister Sriprakash Jaiswal said.
The minister, which reviewed the performance of CIL and its subsidiaries, Neyveli Lignite Corporation and Singareni Collieries Company today, also expressed hope that CIL would be able to achieve coal offtake and overburden removal target for 2012-13.
CIL produced 69.38 MT of coal in April-May this year, registering a growth of 5.6 per cent over the same period in 2011-12. The PSU firm had produced 65.67 MT coal in the first two months of the last financial year.
‘The production growth in April and May is 5.6 per cent and the overburden removal growth is 10.3 per cent,’ the minister said.
The coal offtake of CIL during both the months in the current fiscal was 76.53 MT over 72.8 MT in the same period last fiscal. The company had achieved 435.84 MT in 2011-12 against the targeted 447 MT.
The PSU firm had stated that it would have to increase production by 6.5 per cent to meet the output target for 2012-13.
Its production grew by 3.5 per cent in April over the same month last fiscal. Talking about coal dispatch target, coal secretary S K Srivastava said, ‘There would be production of 464 MT by Coal India and Singareni is also going to put in a dispatch of 54 MT. Captive plants are going to give a dispatch of about 42 MT and other forces are 18 MT, therefore the total dispatch target is 584 MT.’
Talking about coal import, he said, ‘We are in dialogue as to whether Coal India can also facilitate import of coal.’
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