Coal India is aiming to meet the 610 million tonne production and off-take target as per the pact it signed with the coal ministry, despite a production momentum dip in the initial months of the current fiscal, officials said.
After the high production growth rate of 15 per cent in the Apr-Jun quarter of FY19, the dry fuel miner had attempted to meet an internal aspirational target of 652 MT for the year but things did not work out as per Coal India’s plans, sources said.
Coal India said the memorandum of understanding (MoU) target for production and off-take is 610 MT
Based on the trend, production could be around 590 MT, an analyst tracking Coal India said, declining to be named.
