BS reported that the production target for world largest coal producer Coal India is likely to be fixed at 464 million tonnes for 2012-13.

A government official said "In the preliminary meeting held last week, the Planning Commission has set a production target of 464 million tonnes for CIL for 2012-13."

The official said however, the Planning Commission in a meeting to be headed by Planning Commission Member Mr B K Chaturvedi is likely to take the final decision on the production target by the month-end.

He said that representatives from different ministries, including coal, steel and power are likely to participate in the meeting.

Last month, CIL had lowered its production target for the ongoing financial year to 440 MT from the estimate of 452 MT in its annual plan.

The company had cited various reasons like heavy rainfall, strike and delays in the grant of forestry and environmental clearances to coal projects for the downward revision in the production target.

(Sourced from Business Standard)