COAL & MINES

Coal India’s production moderates to keep pace with demand

Coal India has moderated its production in April keeping in mind the demand and fire hazard threats at mine pitheads and power plant stockyards in summer months, an official said on Monday. In the first 11 days of April, the average daily production stood at 1.3 million tonne as against 2.7 million tonne for the month of March, the official said. Cumulative production in this month till Saturday last week was 14.50 million tonne and an offtake of 14.70 million tonne indicated that the miner was producing in line with demand.

For the new fiscal (FY’21), the company had earlier set a production target of 710 million tonne based on previous goals. “Coal production is normal but it has to be done considering several factors like offtake, demand situation and limitations of the stock as the fuel is a high combustible item,” the official said. Coal stocks in the country now stand at 120 million tonnes.

Source
financial express
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