Home » Coal India misses annual production target by 44.48 million tonnes

Coal India misses annual production target by 44.48 million tonnes

Coal India misses annual production target by 44.48 million tonnes

Coal India has said that it has missed its annual production target by 44.48 million tonnes (MT) as it produced 554.13 MT of coal by the end of 2016-17 against a target of 598.61 MT.

According to provisional data, the miner also missed its off-take target for 2016-17 by 55.45 MT.

Against a target of 598.61 MT, its off-take for the last financial year (FY) was at 543.16 MT — up 1.6 per cent over the off-take for 2015-16. The miner achieved 93 per cent of its annual production target for the last FY, achieving a 2.9 per cent growth over its production in 2015-16.

“The production was impacted due to rehabilitation and resettlement issues along lower dispatch which have been noticed in the entire year,” a Coal India official said.

At the beginning of 2016-17, Coal India’s Chairman Sutirtha Bhattacharya had said that going forward, the miner needed to step up to a double-digit growth rate in order to meet the production target.

Comments

Leave a Reply

Your email address will not be published.