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 % over the off-take for 2015-16.The miner achieved 93 % of its annual production target for the last fiscal achieving a 2.9 % growth over its production in 2015-16.
Coal India, which produces 84 % 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 % of the monthly target of 58.30 million tonnes.
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