https://www.engineeringnews.co.za
Coal|Financial
Coal|Financial
coal|financial

Coal India likely to miss production target

31st January 2020

By: Ajoy K Das

Creamer Media Correspondent

     

Font size: - +

KOLKATA (miningweekly.com) – State-run miner Coal India Limited (CIL) will miss its production target of 660-million tons for 2019/20, expecting to notch up production of 640-million tons by end of the current financial year on March 31, 2020.

Production, however, will still be 5% higher than the 607-million tons achieved in 2018/19.

“We are trying our best to close at 660-million tons, but given the circumstances we don’t think we will be able to cross 640-million tons,” CIL chairperson A K Jha said in a statement.

Production losses during the five months of monsoon season last year were the primary reason for falling short of the target, he added.

CIL is stepping up its pace of production during rest of the financial year, having notched up double-digit production growth in January at 10.7%, compared with the corresponding month of previous year, averaging production of two-million tons a day.

According to a company official, the surge in production during January was the result of the revival in production by subsidiaries like Mahanadi Coalfields and South Eastern Coalfields, which reported production growth of 21.5% and 14.4%, respectively, during January, compared with the corresponding month of the previous year.

These two subsidiaries together contributed around 50% of CIL total production.

Edited by Creamer Media Reporter

Comments

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.079 0.129s - 158pq - 2rq
Subscribe Now