Kolkata April 3 (IANS) Coal India on Monday said it missed its annual production target by 44.48 million tonnes as it produced 554.13 million tonnes by the end of 2016-17 against a target of 598.61 mt.
According to the provisional data the miner also missed its off-take target for 2016-17 by 55.45 million tonnes.
Against a target of 598.61 million tonnes its off-take for the last fiscal was at 543.16 million tonnes -- up 1.6 per cent over the off-take for 2015-16.
The miner achieved 93 per cent of its annual production target for the last fiscal achieving a 2.9 per cent growth over its production in 2015-16.
Coal India which produces 84 per cent of the country s coal production exceeded the target for March by producing 66.07 million tonnes.
For March only its off-take was at 52.30 million tonnes achieving 90 per cent of the monthly target of 58.30 million tonnes.
During 2015-16 the miner produced 538.75 million tonnes and its off-take was at 534.50 million tonnes.
The miner s projected production volume was 660.7 million tonnes in 2017-18 and it envisaged production of 908.10 million tonnes in 2019-20 with a CAGR (Compound Annual Growth Rate) of 12.98 per cent with respect to 2014-15.
--IANS
bdc/lok/dg
Coal India misses its production target by 44.48 mn tonnes
