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CIL's Target for production of Coal is 598.60 million tonnes during 2016-17

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Capital Market
Last Updated : Apr 28 2016 | 4:47 PM IST
Target fixed by Coal India (CIL) for coal production during 2016-17 is 598.60 million tonnes.

The coal availability of CIL is in tune with the quantity committed for Thermal Power Plants having Fuel Supply Agreement. Supply of coal to Power Utilities from CIL sources has grown from 353.83 MT in 2013-14 to 385.40 MT in 2014-15 and further to 409.14 MT (Provisional) in 2015-16. For the year 2016-17, the target of Off-take of CIL is 598.61 Mt. Out of this, 450 Mt will be supplied to Power Sector Utilities.

During 2015-16, coal Stock of CIL has increased by 4.205 MT from 53.469 MT as on 01.04.2015 to 57.674 MT as on 01.04.2016 mainly on account of regulated lifting by power utility sector in view of their comfortable coal stock position of 38.87 MT as on 31.03.2016, which is equivalent to 27 days' requirement.

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First Published: Apr 28 2016 | 4:16 PM IST

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