‘Let Coal India Ltd have offtake & not output target’
12 March 2013 5:26 AM IST
State-owned Coal India Ltd (CIL), which may miss coal output target this fiscal, is pitching for doing away with the system of setting the annual production target for the PSU.
Instead of annual production targets, which are used by the government to judge its performance, the company wants annual targets be set for coal sales or dispatches. Coal India has a large inventory which it can use to make up for any shortfalls in production, to achieve the targets.
‘Next year we have taken a conscious decision not to go with any production target ... What matters is the fuel supplies. So we wanted to go only for what we call in our terminology coal dispatch or coal offtake,’ CIL CMD S Rao said.
Instead of annual production targets, which are used by the government to judge its performance, the company wants annual targets be set for coal sales or dispatches. Coal India has a large inventory which it can use to make up for any shortfalls in production, to achieve the targets.
‘Next year we have taken a conscious decision not to go with any production target ... What matters is the fuel supplies. So we wanted to go only for what we call in our terminology coal dispatch or coal offtake,’ CIL CMD S Rao said.
Next Story
