Coal India Limited (CIL), a state-owned largest coal miner, has again failed to achieve its November coal production target by 3.3% regarding targeted quantity.
CIL has produced about 44.4 MnT of coal instead of targeted 45.7 MnT in Nov’14. The company’s monthly production has also fallen by 10.5% against previous month.
SECL, a major subsidiary of CIL, has produced highest quantity about 12.2 MnT followed by MCL & NCL and produced 10.6 & 6.2 MnT of coal respectively. Its total production of Q2 FY15 has fallen by 5.5% compared to the previous quarter of the same fiscal.
|
CIL Production in Nov’14 |
||
|
Company |
Targeted |
Achieved |
| SECL |
11 |
12.2 |
| MCL |
11.3 |
10.6 |
| NCL |
7.3 |
6.2 |
| WCL |
4.24 |
3.63 |
| ECL |
3.4 |
3.64 |
| CCL |
5.2 |
5.29 |
| BCCL |
3.12 |
2.79 |
| NEC |
0.08 |
0.05 |
| Total |
45.7 |
44.4 |
As coal demand in India is increasing expeditiously, the company is taking measures to raise its production. In Q2 FY15, its production has raised by almost 5% against Q2 FY14. In current fiscal, CIL has set a target to produce about 507 MnT of coal, which seems unrealistic as the company has been failed to achieve its targeted production.
Government likely to allow swapping of Coal Supply to Power Companies
In the current scenario, when Indian power producers are struggling with fuel transportation issue owing to lack of rakes, the government has decided to allow swapping of coal supply to power producers from their nearest coal mine, which may save cost as well as provide relief from rail congestion. Two parties may start the legal process through the designated authority with a mutually beneficial proposal.
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