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In a memorandum of understanding (MoU) with the Union Government, Coal India Ltd has set a targeted production for 2011-12 at 452 million tonnes. Target for coal off-take is pegged at 454 mt, subject to availability of 175 rakes a day as against the daily availability of 162 rakes during 2010-11.
According to a CIL release, average annual growth of coal movement through rail was approximately 2 per cent during the last three years. As against this, the company is now envisaging a growth of around 13.5 per cent in rail movement to reach the targeted off-take levels in the next fiscal. The MoU is a negotiated agreement between the Centre and the management of Central Public Sector Enterprise to evaluate the performance of the company managements.
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