Govt to pull up Coal India for missing production targets
CIL has blamed its failure to keep to production targets in Q1 this fiscal on rains and delays in securing green clearances, but the Coal Ministry is in no mood for excuses and has called a meeting this week on the issue, where it is likely to berate the Navratna PSU’s top brass.
“Given the production trend in April and May, we were quite hopeful of meeting the 98.7 MT target for the first quarter. However, early and heavy rains hit most of our coalfields in the eastern belt, making production as well as transportation tough,” Coal India, the world’s largest coal producer said.
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