Coal India Ltd (CIL), one of the largest coal miners in the world, reported a 8. 6 percent year - on - year growth in production to 536. 51 million tons (mt) in 2015 - 16 against the target of 550 mt, said a provisional data released by the company on Friday.
The state run miner however missed its production target by around 2 percent in the fiscal. Company's March production clocked 59. 19 mt surpassing the month's target as well as showing an increase on a month - on - month basis from 51. 01 mt in the previous month.
The state - run coal miner accounts for 80 percent of the total coal production in India and the company has set a target of producing one billion tonnes by 2019 - 20.
The Kolkata headquartered company's off - take grew by 8. 8 percent in the last fiscal to reach 532. 26 mt. It missed the off - take target for the year ended on Thursday by about three percent.
In March 2016, the company met 94 percent of the off - take target.
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