Thursday, 2 March 2017

Coal India achieves 96% production target in Feb

State-owned Coal India Ltd (CIL) has achieved 96 per cent of its production target by producing 54.3 million tons (MT) of coal in February month of the current fiscal as compared to a target of 56.81 MT. The maharatna company also achieved 94 per cent of its sales target by selling 47.73 million ton of coal in February this year, against a target of 50.61 MT, the company said in a filing to the Bombay Stock Exchange. 

The government is aiming at one billion ton coal production by CIL, the world's largest miner, and another 500 million ton by the private sector players by 2022. Meanwhile, shares of the company were trading at Rs 325.55 apiece, up 1.42 percent, from previous close on BSE at 13:16 hours.

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