No plans to scale down Coal India's FY21 production target amid subdued demand
The government has no plans to scale down Coal India's output target of 710 million tonnes (MT) for the ongoing fiscal even though the country has more than enough stock of the dry fuel amid subdued power demand due to the coronavirus lockdown, an official said.
"There are no plans to revise downwards the output target of Coal India (CIL) for the ongoing fiscal. Coal India has been given the target to produce 710 MT of coal," the official said on condition of anonymity.
CIL's pithead stock was at 74 MT as on March 31, the highest ever, he added.
In spite of abundance of fuel stock and subdued demand by the power sector, the company will keep producing coal as the government feels the electricity demand will pick up in the days ahead with the onset of summer.
Moreover, during monsoons there is less production of coal, so this is the time when the maximum production can happen, the official explained.
Another source said since there is not much coal demand from the power sector -- as it