Singareni Collieries Company produces 45.5 MT coal in Apr-Dec; misses target
The company produced 41.99 MT of coal in the April-December period of 2017-18.
Singareni Collieries Company Ltd (SCCL) produced 45.57 million tonnes (MT) of coal in the April-December period of 2018-19, missing the production target by 2.24 MT for the first three quarters.
The company's output target for the April-December period was 47.51 MT, according to the latest data.
The company produced 41.99 MT of coal in the April-December period of 2017-18.
SCCL is a government coal mining company jointly owned by the Centre and Telangana government on a 51:49 equity basis.
The company also produced 6.04 MT of coal in December, over 5.67 MT of coal in the corresponding month.
The company dispatched 49.06 MT of coal in the April-December period of the ongoing fiscal, against the target of 49.11 MT.
Coal Minister Piyush Goyal Friday informed Parliament that the country was facing no shortage of coal and its imports have declined to 208 million tonnes (MT) from 217 MT in 2014.
The minister had said that coal production witnessed an increase of 7.4 per cent in April-December 2018-19.
Coal India accounts for over 80 per cent of domestic coal output.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SIP+SWP: Rs 10,000 monthly SIP for 20 years, Rs 25 lakh lump sum investment, then Rs 2.15 lakh monthly income for 25 years; see expert calculations
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
Power of Compounding: How soon will monthly SIP of Rs 6,000, Rs 8,000, and Rs 10,000 reach Rs 5 crore corpus target?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
12:32 PM IST