Sat, 23 Mar 2013 16:45:00 GMT | By IANS

Coal India seeks more railway rakes

Coal off-take increased by about 32 mt as of March 20 over the same period last year


Coal India seeks more railway rakes (© Reuters)

Kolkata: State-run Coal India Limited (CIL), the world's largest coal miner, has sought more rakes from the Indian Railways to meet targeted off-take of 492 million tonnes of the fuel in the next financial year.

"To attain the targeted off-take for excellent rating, CIL has sought 212.2 railway rakes per day, on an annual basis for 2013-14 against the average availability of 167.7 rakes during 2011-12 and about 184 rakes during 2012-13," a Coal India release said here.

"Average growth of coal movement through rail was around 5.21 percent during the last four years whereas CIL envisages a growth of around 8.67 percent through rail for achieving the above target," it said.

The coal behemoth Friday signed a memorandum of understanding (MoU) with its administrative ministry, the Ministry of Coal, for its key performance areas for the fiscal year 2013-14.

(Continued)
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