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.
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