KOLKATA, Nov 20: Coal India Limited (CIL) has recorded a 9 per cent growth in coal production to 296.87 million tons (mt) till November 15, 2015-16, as compared to the same period last fiscal, according to India Coal Market Watch (ICMW). The output for the period was slightly below the 307.17 mt targeted production under consideration (April 1 to November 15), the data revealed. Up to November 15 the production stood at 22.96 mt, about 92 per cent of the target. This, however, showed a year-on-year growth of 6.6 percentage. The November performance so far shows a decline in growth if compared with the same period last month (October). Coal off-take for state owned company till November 15 was 318.11 mt, below the target of 327.10 mt, but 9.8 per cent higher on an annual basis. Off-take during the month of November (till November 15) was 22.31 mt, which was 97 per cent of the target of 23.08 mt. The growth in off-take this month has so far been 8.8 per cent year-on-year. This, again, is slower than the 19.1 per cent growth (y-o-y) achieved during the same period last month (October). Total overburden (OBR) removal till November 15 this year has been 662.86 mn cubic metre (cum), which is higher than the target of 609.67 mn cum. OBR has shown a stupendous growth of 37.1 per cent year-on-year. In the month of November, CIL achieved 52.16 mn cum of OBR (till November 15), against the target of 45.99 mn cum, the data showed. CIL Chairman-cum-Managing Director Sutirtha Bhattacharya has attributed the jump in production in 2015-16 to the high growth in OBR, saying that the latter would ensure continued growth in output. (UNI)
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