Coal India Limited which had set a target of producing around 33.44 MnT in July’13 has missed its target marginally by 2% and produced 32.77 MnT in the month. However, its off-take target during July has been achieved by an increase of 106%. Its production for April-July was 135.6 MnT which was targeted to reach around 140.3 MnT; missed by 3%. They also missed their off-take target by 2% for the same period. However, its overall production has increased by 1% from last year and off-take by 2.9% for April-July.
In the month of July, subsidiaries of CIL namely Eastern Coalfields Limited (ECL), Central Coalfields Limited (CCL), Bharat Coking Coal Limited (BCCL) and South Eastern Coalfields Limited (SECL) produced more than target. However, North Eastern Coalfields (NEC), Western Coalfields Limited (WCL), Northern Coalfields Limited (NCL) and Mahanadi Coalfields Limited (MCL) produced below target, affecting the total output of CIL for same period.
CIL as an organized state owned coal mining corporate came into being in November 1975 with the government taking over private coal mines. CIL is the single largest coal producer in the world. CIL also fully owns a mining company in Mozambique christened as ‘Coal India Africana Limitada’.
It is also heard that they have called for a meeting to discuss about the modalities for importing coal in order to fulfill the needs of power plants.
CIL’s Chairman S. Narsing Rao said about the growth of the PSU that they are currently having 148 on-going projects with 446.7 MnT production capacities, on which they have invested more than Rs 2 crore. Along with it, a total of 126 projects with an estimated capacity of 438.04 MnT are also identified for future.