CIL to Record FY17 Production Growth at 2.5%, Sales Growth at 2%

State-run Coal India Limited expects to attain a 2.5% production growth, and a sales growth of 2% in FY17.

The retardation in the production growth could be attributed to the rehabilitation and resettlement issues related to the Talcher mine, situated in Odisha, hampering production.

CIL had set a production target of 598.61 MnT for FY17, with an 11.11% growth over the production of 538.75 MnT in FY16, in which CIL had achieved a 9% production growth.

CIL’s production during the Apr-Feb’17 period of FY17 was at 488.06 MnT, registering a growth of 2.3%. The production, however, had trailed behind the target of 535.38 MnT. The off-take during the period also had fallen behind the target of 540.31 MnT. CIL sold 490.86 MnT during the first 11 months of the current fiscal.