Government sets production target for FY2017

The government of India has set a target of 724.71 t in the current financial year (FY2017), according the Minister for Power, Coal, New & Renewable Energy and Mines Piyush Goyal. This compares to a target of 700 million t for FY2016.

Indian demand for coal has risen from 769.69 million t in FY2014 to 822.36 million t in FY2016, according the Ministry of Coal.

The Indian government has been focused on growing domestic production of coal to meet the growing demand, including efforts to expedite environmental and forest clearances, improving the country’s rail network and working with state governments on land acquisition.

Last month, Goyal said the Coal India (CIL), the state-owned company with a monopoly on commercial coal mining in India, has been set an FY2017 production target of 598.61 million t – an 11.11% increase on FY2016 production of 538.75 million t.

Recent production figures from CIL, however, show year-to-date production 6% below the target – although showing growth of 4% on the previous year.

Edited by Jonathan Rowland.

Read the article online at: https://www.worldcoal.com/coal/09082016/government-sets-production-target-for-fy2017-2016-288/