Coal India misses its production target by 44.48 mn tonnes

Coal India on Monday said it missed its annual production target by 44.48 million tonnes as it produced 554.13 million tonnes by the end of 2016-17 against a target of 598.61 mt. According to the provisional data, the miner also missed its off-take target for 2016-17 by 55.45 million tonnes. Against a target of 598.61 million tonnes, its off-take for the last fiscal was at 543.16 million tonnes -- up 1.6 per cent over the off-take for 2015-16.

The miner achieved 93 per cent of its annual production target for the last fiscal achieving a 2.9 per cent growth over its production in 2015-16. Coal India, which produces 84 per cent of the country's coal production, exceeded the target for March by producing 66.07 million tonnes.

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