Coal India achieves 96% production target in Feb

Coal India achieves 96% production target in Feb

02/03/2017 13:13

State-owned Coal India Ltd (CIL) has achieved 96 per cent of its production target by producing 54.3 million tonnes (MT) of coal in February month of the current fiscal as compared to a target of 56.81 MT.

The maharatna company also achieved 94 per cent of its sales target by selling 47.73 million tonne of coal in February this year, against a target of 50.61 MT, the company said in a filing to the Bombay Stock Exchange.

The government is aiming at one billion tonne coal production by CIL, the world’s largest miner, and another 500 million tonne by the private sector players by 2022.

Meanwhile, shares of the company were trading at Rs 325.55 apiece, up 1.42 per cent, from previous close on BSE at 13:16 hours.

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