CIL Coal Supplies to Power Sector, Non-Power Sector Increase Sharply in H1 FY24

3 Oct 2023 , 12:59 PM

State-owned Coal India reported on Monday that its coal supply to the power sector increased by 3.4% to 294.8 million tonnes in the first half of the current fiscal year, despite record-high energy demand in the previous two months.

According to a statement from Coal India Ltd (CIL), the total volume of coal delivered exceeded the anticipated demand for this period by 1.8 million tonnes, which amounted to 293 million tonnes.

‘The volume gain was 9.7 million tonnes, or 3.4%, over the high base of the same period the previous year. This could have been higher if logistics had been streamlined and intake not controlled by a small number of users,’ stated CIL.

‘For FY24, the supply target for the power sector was set at 610 million tonnes. This is an increase of around 4% over the record 586.6 million tonnes delivered in FY23. We anticipate meeting the annual demand as well. We met the prorated demand of coal-fired plants through the end of September,’ a senior CIL official told ET.

Coal remains the largest source of electricity in the country, and CIL is responsible for almost 80% of the country’s coal production.

Overall supplies from CIL increased significantly from 332 million tonnes in the same period last year to 360.7 million tonnes from April to September.

In the first half of FY24, CIL’s coal supplies to the non-power sector reached a peak of 65.7 million tonnes, an increase of 40%.

As of the end of September, the coal stock at the pitheads of CIL was 41.6 million tonnes.

Coal production increased by 12.6% year-on-year last month, reaching 51.4 million tonnes, according to CIL.

For feedback and suggestions, write to us at [e-mail]