Coal India production reaches 536 million tonnes, but misses 2015-16 target

Coal India Ltd (CIL) produced 536 million tonnes of coal in 2015-16, an increase of 8.5 percent, but missed its output target of 550 million tonnes, a top government official said.

Coal secretary Anil Swarup said in a tweet: “Coal India Ltd (CIL) achieves a record production of 536 MT during FY15-16, 42 MT more than the previous year, growth of 8.5%.”

The record coal production and offtake has resulted in unprecedented 28-day average inventory of coal at power plants, Swarup further said.

“Consequent to record production of coal by Coal India, no power plant critical or supercritical for want of coal,” he tweeted.

CIL, which accounts for over 80% of the domestic production, is aiming to double the output to one billion tonnes in next four years.

“(For CIL) 550 million tonnes would now be a little difficult in the given circumstances. I think they would be able to hit anywhere between 535 MT and 540 MT. Reason being there is a demand slump,” Swarup had earlier said.

 

Leave a Reply

Your email address will not be published.