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Missing production targets at Coal India – Govt to review meeting

, October 9, 2011, 0 Comments

October 9, 2011 – New Delhi – Coal India (CIL) will be pulled up for missing its output target in the production target review meeting to be held this week, an official in the Coal Ministry said. The meeting, to be chaired by Coal Minister Sriprakash Jaiswal, will be attended by officials of the Coal Ministry, CIL Chairman and Managing Director (CMD) N C Jha and the CMDs of all the subsidiaries of CIL, the official said.

Heavy Rains and delay in green clearance

CIL has blamed its failure to keep to production targets in Q1 this fiscal on rains and delays in securing green clearances, but the Coal Ministry is in no mood for excuses and has called a meeting this week on the issue, where it is likely to berate the Navratna PSU’s top brass. CIL had blamed early rains and inclement weather in the eastern region for playing spoilsport in achieving its 98.7 million tonne (MT) coal production target for the first quarter. Problems like delays in the grant of green clearances for its projects hurt production by the state-run firm.

With more than double the average rainfall recorded at Eastern Coalfields Ltd (ECL), Bharat Coking Coal Ltd (BCCL) and Central Coalfields Ltd’s (CCL) operating regions in June this year, Jha had said that the company could achieve only 96.3 MT of coal production in Q1.

With more than 150 mining proposals of the company facing delays in environmental clearance, the world’s largest coal miner had missed last fiscal’s target by recording an output of 431.325 MT, as against the revised limit of 440.20 MT.

(Source : Press Trust of India)