Coal India Aug output at 34.5 MT, misses target

New Delhi: State-owned Coal India (CIL) produced 34.54 million tonnes (MT) of coal in August, missing its target of 35.13 MT.

The coal PSU is drawing flak from across the quarters for missing its output targets.

In the first five months of the current fiscal the company produced 175.88 MT of coal against the target of 183.44 MT, CIL said in a filing to BSE.

The company achieved an offtake of 37.30 MT in August as against the target of 37.83 MT, it added.

Coal and Power Minister Piyush Goyal had earlier asked Coal India to ramp up production from its existing mines.

CIL, which accounts for 80 per cent of domestic coal production, missed its output target of 482 million tonnes for 2013-14, producing 462 million tonnes during the period.

More from Economy

Inflation likely to be a big focus area for budget 2024, say sources Explained: Will the Bank of Japan break tradition and raise interest rates?

Production fell short of target because of various reasons, including lack of environment clearance to coal mining projects.

In 2012-13, the company produced 452.5 million tonnes of coal, falling short of the 464 MT target.

Coal India’s production target for 2014-15 has been set at 507 MT, while the offtake target is 520 MT.

PTI