KOLKATA: Coal India’s dry fuel production is likely to snap a five-month growth streak to register a decline in January, owing to high pithead stock, sources said on Sunday. Coal production for the month is likely to be around 60.2 million tonnes compared with the corresponding period a year ago, when the output was at 63.11 million tonnes, they said.
Till January 29, the output was 56.24 million tonnes, and aggregate production for the 11-month period of the current fiscal (April-January) will be about 454 million tonnes, the sources said.
Coal India is targeting an output of 630-640 million tonnes till March.
The world’s largest miner has been registering robust growth since August 2020, as the nationwide lockdown began to ease, when it recorded a 7.1 % on-year rise, followed by September (31 % rise), October (18 %) and November (3.4 %).
