Coal India’s production in the ongoing fiscal is likely to fall short of the target even as the public sector miner has stepped up production to mitigate the challenges of excessive rain and low demand.
The public sector miner has produced 517.78 million tonnes (mt) of coal in the first 11 months of 2019-20. It had to produce 142.22mt in March at an average of over 4mt per day to meet the target. The company has averaged around 2.56mt per day in March.
According to sources, till March 28, coal production was around 591mt and the miner is likely to produce around 12mt, taking the production for the fiscal to around 602-603mt, which is less than 607mt produced last year.
