Coal India Ltd. produced 216.2 million tonnes of coal in the first five months of the fiscal year, representing an increase in production of about 12%, The Hindu reported Sept. 3 citing a statutory filing from the company.
The company attributed most of its production growth from its subsidiaries, namely Eastern Coalfields Ltd., Northern Coalfields Ltd, South Eastern Coalfields Ltd. and North Eastern Coalfields Ltd., according to the report. The company's loading saw an increase of 11.8% between April and August, during which coal off-take also increased by 9.5%, the report said citing a statement by Coal India.
In August, however, Coal India's coal output growth was at about 3.2%, as three of the company's eight coal-raising arms produced less than its production levels in 2017. The company's off-take volume on the other hand saw a year-over-year increase of 19.1% in the same month.
It was recently reported that Coal India may push back the production target of 1 billion tonnes a year by 2020 it set for itself back in 2015 by five years, amid sector challenges.