Coal India misses production target by 15 mt
Coal India missed its production target for the period April-October by 5% and its sales target by 3% despite power companies complaining about non-availability of adequate coal. The monopoly missed its sales target by almost 10 million tonnes during the period and its production target by almost 15 million tonnes.
According to data released by the Central Electricity Authority, coal stocks available with power plants stands at an average 6 days now while 23 plants have stocks positions that are very low and require special attention.
Between April and October, 2017, the monopoly managed to produce 278 million tonnes of coal while it sold 317 million tonnes thus liquidating around 40 million tonnes of existing stocks from its pit heads. The company’s total stock at the beginning of the year was about 68 million tonnes which has now dipped to 29 million tonnes.
Large subsidiaries like Central Coalfields, Mahanadi Coalfields saw their production during the period under review fall by 9.1%, 17.7% and 2.3 % respectively. Despite increased demand for coal subsidiaries like Eastern Coalfields, Bharat Coking Coal, Mahanadi Coalfields and Northern Coalfields registered decline in sales between April and October this year.