Dec. 1 (Bloomberg) -- India’s coal production fell by 9 percent in October from a year earlier and the country may miss output targets for a second year, India Coal Market Watch said, without saying where it got the information.
Output totaled 39.59 million metric tons in October from 43.51 million a year earlier and a state-set target of 47.1 million, the coal newsletter said. Production rose 33.5 percent from September when rains disrupted output.
Production during the first seven months of the year ending March 2012 was about 11 percent lower than a state-set target of 259.37 million tons, and 5.5 percent lower than a year earlier, according to the note. The target for the 2012 fiscal year is 554 million tons. Last year, India’s coal production was 533 million tons compared with a targeted 573 million, it said.
--Editors: Alexander Kwiatkowski, Paul Gordon
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