RSS Feeds Forgot Password | Register
Coal | October 18, 2012
#26117

CIL misses output, sales target for Apr-Sept

Coal India (CIL) produced 191.57 million tonne (mn t) of coal during Apr-Sept 2012 and this is 7.17 mn t or 4 percent less than the target.

   But this production is 8.46 percent more from the year-ago period. Sales at 214.5 mn t, fell short of the target by 7.20 mn t or 3 percent. Sales grew 7.16 percent over the corresponding period of last year.

   The company attributed the below-target production and sales performance to the late onset of monsoon rains in August and September.

   Coal India chairman S Narsing Rao, however, said the company will make up for the shortfall in the coming months. The firm has taken an ambitious production target for the coming months and it hopes to achieve the production target of 464.1 mn t for the year.

   A senior executive at the company said production usually falls with the onset of monsoon as mines often get flooded.

   Meanwhile, the production and sale shortfall may hit power generators, who are already struggling with coal shortages. It will also aggravate problems for Coal India, which is in the process of signing new fuel supply agreements with power producers that will make the miner liable to pay penalties if it fails to meet its supply commitments.

Advertise Here [670 W x 90 H pixels]
Subscribe Project Reporter
  • Sector News

  • Latest News

  • 20 Dec 2014

    NMRC finalises 21 station for Greater Noida metro project

    read more
  • 16 Dec 2014

    Centre approves proposal to ensure quick transfer of land owned by government departments and PSUs for metro rail projects

    read more
  • 05 Dec 2014

    IRB Infrastructure gets provision certificate for Pathankot Amritsar BOT Project

    read more
  • 05 Dec 2014

    MMRDA approves two metro corridor project for Mumbai

    read more
  • 05 Dec 2014

    GOI gives nod to monorail project in Chennai

    read more
  • 18 Nov 2014

    Telangana government plans to take up road development in a big way

    read more
  • 04 Jan 2015

    PM stresses on improving quality of urban governance...

    read more
  • 04 Jan 2015

    Government to build industrial corridors and smart cities...

    read more
  • 04 Jan 2015

    AP to seek Rs 2,000 crore under Swachh Bharat scheme...

    read more
  • 04 Jan 2015

    BHEL gets 1x800 MW Kothagudem power project...

    read more
  • 04 Jan 2015

    BHEL, HSL and Midhani comes together to bid for submarine project...

    read more
  • 04 Jan 2015

    Develop new airports in Arunachal Pradesh: Thangwang Wangham...

    read more
|
Advertise Here [728 W x 90 H pixels]