Construction Mirror News Detail

Government Insure About 2 Million Tonnes Sales Target for Coal India Limited

September 06, 2018

The Centre has asked Coal India to raise daily output and sales to 2 million tonnes from 1.4 million tonnes achieved in the last quarter to improve supply to power plants facing critically low stocks. The coal ministry has told the company that it needs to produce and sell 1.9 million tonnes and 1.94 million tonnes respectively throughout the year. In the June quarter, it managed daily production and sales of 1.4 million tonnes and 1.61 million tonnes respectively. This has necessitated ramping up production and sales during the second quarter to two million tonnes a day. If achieved this can help achieve production and sales targets of 652.25 million tonnes and 681.2 million tonnes respectively for the year. According to figures published by Coal India, it managed to produce and sell 136.87 million tonnes and 153.43 million tonnes respectively during the first quarter of the current fiscal. The company achieved 91% and 90% of production and sales targets during the quarter. It achieved 15% and 12% growth in production and sales during the quarter in comparison to the previous corresponding period. The centre has asked Coal India chairman, and heads of all subsidiaries to work out a definite action plan to ramp up supply. It has allowed the company to achieve desired sales by liquidating existing stocks at pit heads especially for plants faced with critical and super critical stock. It has also asked Coal India to ensure that all clearances for increasing production are in place. Clearances for operationalizing recently allotted blocks should also be in place so that production targets are achieved, the letter to the Coal India chairman from the coal ministry mentioned. The coal ministry has offered to intervene in case it faces issues relating to clearances or otherwise from any state government, or central ministries or any other agencies. According to a senior Coal India executive, the company missed targets due to issues with land acquisition, physical possession of land, and demand for compensation beyond norms and resettlement & rehabilitation. Delay in grant of environment clearances for expansion and forest clearance played a major role in production loss. Law and order issues by local leaders and villagers in almost all subsidiaries especially Eastern Coalfields, Bharat Coking Coal, Central Coalfields and Mahanadi Coalfields affected production and sales. “Sudden stoppage of Dhanbad-Chandrapura railway line affected production at Bharat Coking Coal while evacuation constraint at Magadh and Amrapali open cast mines due to non-completion of Tori-Shibpur railway track affected coal production at Central Coalfields,” the executive said.


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