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Coal India beats October production target

World Coal,

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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