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Coal India to Miss 2019-20 Target

Coal News - Published on Mon, 30 Mar 2020

Image Source: CIL Coal Production
Coal India’s production in the ongoing fiscal is likely to fall short of the target even as the public sector miner has stepped up production to mitigate the challenges of excessive rain and low demand. CIL has produced 517.78 million tonnes of coal in the first 11 months of 2019-20. It had to produce 142.22 million tonnes in March at an average of over 4 million tonnes per day to meet the target. The company has averaged around 2.56 million tonnes per day in March. According to sources, till March 28, coal production was around 591 million tonnes and the miner is likely to produce around 12 million tonnes, taking the production for the fiscal to around 602-603 million tonnes, which is less than 607 million tonnes produced last year.

Coal India has set a target of producing 750 million tonnes in 2020-21 and reach a billion-tonne mark by 2023-24. Although coal mining has been declared as an essential service during the lockdown period, production will depend on the economic activity, especially of the non-power sector.

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Posted By : Yogender Pancholi on Mon, 30 Mar 2020
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