India sets 2016-17 production target for its biggest coal entity

The government has fixed a production target of 598.60 million tonnes for the 2016-17 fiscal for Coal India Ltd (CIL), the power, coal and renewable energy minister Piyush Goyal told parliament.

He said in a written reply that coal availability of CIL is in tune with the quantity committed for thermal power plants that have fuel supply agreements with the ministry.

Supply of coal to power utilities from CIL has grown from 353.83 million tonnes (MT) in 2013-14 to 385.40 MT in 2014-15 and further to 409.14 MT (Provisional) in 2015-16. For the year 2016-17, the target of ff-take of CIL is 598.61 MT. Out of this, 450 Mt will be supplied to power utilities, he said.

The minister added that CIL’s coal stock had increased by 4.205 MT from to 57.674 MT in 2015-16 mainly on account of regulated lifting by power utility sector in view of their comfortable coal stock position of 38.87 MT as on March 31, 2016, which is equivalent to 27 days’ requirement.

 

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