Coal India's May output rises nearly 43 MT; misses target

State-run Coal India on Wednesday said that it achieved a production of 42.58 million tonnes (MT) in May, lower than the target of 44.64 million tonnes (MT) for the month.

During the months of April and May, the miner produced 82.93 MT of coal against the target of 89.12 MT (provisional), Coal India Ltd (CIL) said in a filing to the Bombay Stock Exchange (BSE) on Wednesday.

Coal offtake in May was lower at 45.53 MT than the targetted level of 50.90 MT for the month.

In April and May, the coal offtake stood at 88.23 MT as against the target of 102.36 MT.

Coal India which accounts for over 80% of the domestic coal production has a target of achieving 1 billion tonnes by 2020.

The government has set a production target of 598 million tonnes for the CIL for the current fiscal.