A Telegraph picture Calcutta, Sept. 5: Coal India Ltd (CIL) could fall short of its production target of close to 1 billion tonnes by 2019-20 unless there is an improvement in offtake. In the first five months of 2016-17, cumulative offtake stood at 211.38 million tonnes (mt), a growth of 0.2 per cent over the year-ago period. Thermal power plants across the country have an average coal stock position of 20 days. Therefore, Coal India is trying to manage production to prevent high inventories. Bhattacharyya said CIL could reach a production of around 800mt based on the current output trend and market situation.

Source: The Telegraph September 05, 2016 20:33 UTC