Jun 13, 2012, 08.18 AM | Source: PTI
The government will review coal production in a meeting tomorrow against the backdrop of Coal India expressing apprehensions over shortfall in supply to power producers.
"There would be a review meeting on coal production tomorrow," Coal Minister Sriprakash Jaiswal told reporters here.
Coal India, which accounts for over 80% of the domestic coal production, had produced 69 million tonnes (MT) of coal in April-May this year, according to a top Coal Ministry official.
The coal producer, a fortnight back, in a letter to the Coal Ministry had expressed fears of shortfall in supply of fossil fuel to power firms and stated that fuel supply pact clauses being opposed by a few firms were aimed at safeguarding the interest of the PSU.
Coal India has fixed the production target at 468.7 MT for 2012-13. It had achieved 435.84 million tonnes (MT) in 2011-12 against the targeted 447 MT.
The PSU firm had stated that it would have to increase production by 6.5% to meet the output target for FY13.
Its production grew by 3.5% in April over the same month last fiscal.
Ashish Kyal of wavesstrategy.com advises buying Aj
Coal India arm MCL has proposed setting up of 'Jag
AUM Capital is bullish on Coal India has recommend
"The total outstanding dues from power generating
The country's largest coal miner is also offering