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Coal India's Production, Shipments Rise to a Record in March

  • Output, shipments fall short of annual goal for sixth year
  • Production growth to slow down in coming months, analyst says

Coal India Ltd.’s sales and output in March rose to the highest on record as the world’s biggest coal miner rushed to meet its annual production target, a goal that it missed for at least the sixth consecutive year.

Boosting output is crucial for Coal India to meet rising demand from power plants, its biggest customers. An early onset of summer is expected to boost electricity consumption. To meet that demand, the miner is seeking more railway carriages and is also trying to ship the fuel through roads to some customers.