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CIL fails to meet production target by 17 million tonne in FY2013-14

Coal India Ltd chairman and managing director S Narsing Rao has said that the company could end the financial year with a production shortfall of around 17 million tonne (MT). The fall in coal offtake for power production and the unwillingness of state electricity boards to buy enough power has led to lower demand for coal thereby affecting the production targets.

CIL to raise average daily coal loading

In order to achieve its despatch target of 493 million ton (mn t) in 2013-14, state-run miner Coal India (CIL) plans to raise its average daily loading to 212 railway rakes in the current year from the 186 rakes in 2012-13. The the world?s largest coal miner achieved an average daily rake loading of 201.5 in April 2013, a 11.4 per c

CIL may import 15 mt coal in 2013-14

Coal India may need to import nearly 15 million tonne coal in 2013-14 to meet the shortfall in domestic coal supplies. This follows the government decision on April 22 that allowed the miner to fill the gap between domestic supplies and annual contracted quantity to power stations by imports.

Evacution of coal to be the focus of CIL

Expressing concern over poor evacuation infrastructure, S Narsing Rao, Chairman of Coal India (CIL) said the firm would focus more on increasing offtake of coal during 2013-14. He said owing to hurdles in evacuation, the company aims to produce only 482 million tonne (mn t) coal in 2013-14 despite having potential to produce

CoalMin disapproves dual pricing for coal

The proposal of the Planning Commission to introduce dual pricing for coal was opposed by the union coal ministry, which argues that it is not a feasible plan. Under dual pricing, coal would be sold at different prices in different markets. Union coal ministry expressed its disapproval for the proposal at a meeting under the Chairmanship of Planning Commission Deputy Chair

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