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Coal India fails to achieve Q1 production target

02 Aug 2011 Evaluate

State-run Coal India has achieved an output of just 96.3 million tonnes (MT) of coal for the April-June quarter of the current fiscal. The company missed the production target of 98.6 MT for the first quarter of the current financial year by 2.3 million tones because of excessive rainfall, curfew and other disturbances caused for eviction drive, land acquisitions, as well as R&R issues.

The shortfall in an output is also due to delays in supply of equipment and evacuation problems in the Talcher coalfields in Orissa. Coal India, which accounts for more than 82% of domestic coal production, had blamed the slippage against the target to delays in the grant of clearance for its projects. The company also faced environmental clearance delays on over 150 mining proposals and missed last fiscal's production target by recording an output of 431.325 MT, as against the revised target of 440.20 MT.

Coal India Share Price

438.70 5.80 (1.34%)
17-Apr-2026 16:59 View Price Chart
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Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
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