Coal production target likely to be at 574.4 MT for FY13

 The Planning
Commission is likely to set a coal production target of 574.4
million tonnes (MT) for the next financial year 2012-13. 

The decision was taken in a preliminary meeting held in the Planning Commission
recently, a top official in the coal ministry said. 

In the meeting it was also decided that the production target for Coal India
(CIL) would be at 464.10 MT for 2012-13, the official said. 

“The coal production target for Singareni Collieries Company (SCCL)
was set at 53.10 MT. As far as captive coal blocks are concerned the government
think-tank has set a production target of 39.2 MT and 18 MT from other
sources,” the official said. 

CIL, which accounts for over 80 per cent of the domestic coal production, has
lowered its production target for current financial year to 440 MT from the
estimate of 452 MT in its annual plan. 

The company cited various reasons like heavy rainfall, strike and delays in the
grant of forestry and environmental clearances to coal projects for the
downward revision in the production target. 

Source: The Economic Times