MoneyWorks4Me

Coal India reports 273.57 MT of production in April-October period

02 Nov 2016 Evaluate

Coal India (CIL), the world’s largest coal miner by output, has produced 273.57 million tonnes (MT) of coal in the first seven months of the ongoing fiscal, lower than the target of 307 MT, even as the demand for fossil fuel started picking up.

The state-owned company produced 43.51 MT of dry fuel last month, against the target of 51.88 MT. The off-take of fossil fuel by the coal PSU in April-October period was 292.16 MT, lower than the target of 331.76 MT.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications. It accounts for over 80% of the domestic coal production and is eyeing 598 MT production in 2016-17.



Peers
Company Name CMP
Coal India 419.00
NMDC 80.69
Ashapura Minechem 518.35
Sandur Manganese 182.00
GMDC 553.15
View more..