Coal India Ltd. misses revised output target for 2011-12 by 11 MT

CIL, the Maharatna coal miner, ended the fiscal 2011-12 with a production of 435.84 MT against revised target of 447 MT for 2011-12, running short by 11 MT. The production in 2011-12 is however, higher that the previous fiscal’s by 4.52 MT registering a growth of 1%.The major factors behind less production includes heavy rains and regulatory hurdles.

The optimistic target for 2012 has been fixed for 470 MT as per CIL’s CMD Zohra Chatterji.

Read Morehttp://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/metals-mining/cil-misses-revised-output-target-for-2011-12-at-436-million-tonnes-for-2011-12/articleshow/12520070.cms

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SUMIT KUMAR

Executive at India Electron Exchange

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