Coal India Ltd.

Coal India (CIL) may miss the revised target of 440 million tonne (mt) of production growth this fiscal. The company’s total production till third quarter of 2011-12 stood at 292 mt, approximately 9 mt short of the corresponding period in the previous fiscal. Meanwhile, the company posted a production of 43 mt in December 2011, up by 2 mt from the same period in 2010.

In the given scenario, the company has to produce nearly 139 mt in the January-March 2011 to level the tally with previous fiscal, the production for which stood at 431 mt. The most ambitious estimates suggest that CIL may be able to level last year's production provided it springs up a surprise as in March 2011 when production crossed 50 mt nearly 8-10 mt higher than its monthly peak productions during the rest of the previous fiscal.