Coal India falls short of output target as MCL, SECL falter
Lacklustre performance by two of its largest subsidiaries — Mahanadi Coalfields Ltd (MCL) and South Eastern Coalfields Ltd (SECL) — hindered Coal India Ltd (CIL) from achieving its targeted goals in production and offtake in 2016-17.
CIL was supposed to produce 598.61 million tonne (mt) in the last fiscal but actual output shrunk to 554.13 mt, an achievement of 93 per cent and a meagre growth of 2.9 per cent over FY16. The deficit in production was especially pronounced in MCL that was tipped to be the largest CIL subsidiary and, hence, was assigned the biggest target of 167 mt of coal production. MCL, however, disappointed with an output of 139.21 mt, thus proving to be a key drag on CIL’s production.