CIL production up by 4.3 %

Coal India Ltd. (CIL) achieved a growth rate of 4.3 per cent in production between April 2012 and February 2013, with a production of 398.7 million tonnes. This reflects a 96 per cent fulfilment of the target that it had set.

Two erstwhile loss-making CIL subsidiaries, Eastern Coalfields Ltd. (ECL) and Bharat Coking Coal Ltd. (BCCL), have also hit their targets.

However, at least two coal companies— Western Coalfields Ltd. and Central Coalfields Ltd.— registered negative growth.

In respect of coal offtake, which the company feels is the more relevant parameter as it is monetised, CIL achieved a 7.3 per cent growth mainly on the back of drawing down from its inventories. However CIL missed its own target , sending 419.2 million tonnes of coal to its consumers against a target of 425 million tonnes.