World's biggest miner of the fuel Coal India Ltd., missed its annual production and shipment targets. However, they have reported record volumes for both.
By the end of this financial year on March 31st, it grew by 2.9 percent to 554.1 million tons production, while shipments rose from 1.6 percent i.e 543.2 million tons. It had set a target of 598.6 million tons for each, Coal India Limited said in a stock exchange filing this Monday. Despite the increment in production Coal India has fallen short of its annual output goal. This is the fifth consecutive year since at least since 2013 fiscal year it has been falling short of its target.
During March this year a monthly record was set and production went up to 66.1 million tons, which was at; least 12 percent higher to the corresponding year. Shipments too rose to 6.5 percent to 52.3 million tons as per the data given by the company.
Read More: Shipments Misses Target But Coal India Shows Record Output
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