Coal India misses fiscal 2026 production target by 12%
Business
Coal India, the state-run mining giant, couldn't hit its production goal for fiscal 2026, falling short by 12%.
The company managed 768.1 million metric tons against a target of 875 million metric tons, and that's even lower than last year.
Some major subsidiaries such as Bharat Coking Coal and Central Coalfields saw steep drops too.
Rains and LNG squeeze domestic coal
Heavy rains in mining states such as Jharkhand and Maharashtra made it tough to keep up with targets, hitting several subsidiaries hard.
Even though March saw a tiny bump in coal sales, overall offtake was down for the year.
With liquefied natural gas, or LNG, supplies disrupted and power needs rising, the coal market is feeling the squeeze, making domestic supply more important than ever.