News Brief | November 2012
CIL misses output, sales target for April-September
Coal India (CIL) recorded a reduced production at 191.6 million tonne during April-September 2012. The coal production of the state run mining company fell by 4 per cent (7.17 million tonne) as compared to set target for six months. However, it was 8.46 per cent more than it produced last year, the company said. The company attributed the below-target production and sales performance to the late onset of monsoon rains in August and September.
S Narsing Rao, Chairman, CIL, said that the company will make up for the shortfall in the coming months. The company has set a target of 464 million tonne for the year. The production and sales shortfall may hit power generators, who are already struggling with coal shortages.