Kolkata, Jan 1 (PTI) Northern Coalfields Ltd’s production and offtake grew by 11 per cent and 7 per cent, respectively, during the April-December period, the Coal India Ltd subsidiary said on Tuesday. Also Read - Finished steel exports fall 37 pc, imports grow 1.5 pc in Apr-Jan
The company produced 74.65 million tonne (MT) and dispatched 75.84 MT of coal in the nine-month period, it said in a statement. Also Read - India's crude steel output declines 4 pc to 8.99 MT in Jan
Northern Coalfields surpassed targets of 73.26 MT of production and 72.21 MT of dispatch, the company said. Also Read - IOC net slumps 90 pc on inventory losses
The miner aims to produce 100 MT of coal in the fiscal 2018-19, while the offtake target is 100.5 MT.
Going by the sustained growth across the performance parameters, the company is likely to surpass the assigned targets this fiscal, the statement added.
This is published unedited from the PTI feed.