September 13: State-run Coal India Ltd said its production grew 6.8% during April to August this year against the same period fiscal.
The company mined 162.86 million tonnes coal during the period against 152.49 million tonnes in the corresponding period previous year.
The offtake has risen by 5.4% at 181.85 million tonnes during April-August 2012 against 172.48 million tonnes last year. However, both offtake and production are below targets.
Coal minister Sriprakash Jaiswal said that Coal India was expected to meet the annual target of 464 million tonnes.
Earlier in the day, Coal India chairman and managing director S Narsing Rao said the company would spend about Rs 40,000 crore over the next five years to 2017 for development of over 100 coal-mine projects, setting up coal washeries and acquisition of coal blocks overseas.
Heads of nine state-run companies, including Coal India met Finance Minister P Chidambaram on Wednesday.
Source: Economic Times
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