Coal India beats October production target

Coal India Limited has beaten its production target for October, for the first time in seven months, Reuters reports.

The company produced 40.2 million t of coal in October, higher than its target of 39.74 million. Production between April and October however was 97% of its target.

October saw the opening of one of Coal India’s major mines, while coal production remained uninterrupted by rain-related disruptions.

Reuters added that Coal India failed to meet its offtake target for October and now faces a considerable challenge meeting its goal for the 2014/15 fiscal year.

Edited from various sources by Katie Woodward

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