New Delhi | March 07, 2016: State-owned Singareni Collieries Company's coal output increased by 18 per cent to 54.34 million tonnes (MT) in the first 11 months of the ongoing fiscal.
The production stood at 45.95 MT in the year-ago period.
Its output in February was flat at 5.37 MT over the same month of the previous fiscal.
Singareni Collieries Company Ltd's (SCCL) coal dispatch during April-February increased 12.42 per cent to 53.31 MT as against 47.42 MT in the corresponding period of the previous fiscal.
The company had recorded a production of 52.54 MT last fiscal.
SCCL is a coal mining company jointly owned by the Telangana government and Government of India on a 51:49 equity basis.
Coal India Ltd, which accounts for over 80 per cent of the domestic coal production, produced 477.31 MT of the dry fuel in April-February period as against the target of 491.27 MT.
The company had produced 51.01 MT of coal in February, over its target of 52.01 MT for the month, CIL had said in BSE filing.
CIL is eyeing an output of one billion tonnes by 2020.
The government has set a target of 550 MT production for the PSU for the current fiscal.
(Source: http://www.business-standard.com/)