Coal India Ltd.

BSE: 533278 | NSE: COALINDIA
Large Cap | Mining & Minerals
431.00
-1.20 (-0.28%)
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CIL registers growth of 5.6% in production during April - May 2012

Date: 14-06-2012

Coal India (CIL) has registered a growth of 5.6% in coal production during April - May, 2012 period. The company has produced 69.38 MT (million tonne) coal compared to 65.67 MT during same period of last year. The company has also surpassed the target during the period which was of 68.82 MT.

Besides, during April - May, 2012 period, the Coal Off-Take and Overburden Removal also exceeded the target. Coal Off-Take during the period was 76.53 MT registering a growth of 6.3%, compared to 72.08 MT during the corresponding period of last year. Overburden Removal during April & May, 2012 was 137.52 MCuM registering a growth of 10.3%, compared to 124.72 MCuM for the same period last year.

Coal India’s and its subsidiary companies, Neyveli Lignite Corporation (NLC) and Singareni Collieries Company (SCCL) performance was disclosed by Shri Sriprakash Jaiswal, Minister of Coal. The Minister directed CIL, NLC, SCCL and other subsidiary companies to achieve 100% coal production targets by completing projects well in time.

CIL, which accounts for more than 80% of the domestic coal production, missed its revised 2011-12 production target as it achieved only 435.84 million tonne as against 447 million tonne.