Coal India records 24% growth in production in April-July22

1 Aug 2022 , 02:36 PM

Coal India (CIL) produced 207.1 million tonnes (MTs) of coal during April-July22, which is 40.5 MTs more than what was produced a year ago same period, the highest ever for this period. This is a 24.3% growth compared to 166.6 MTs of April-July21. For the month of July22, CIL produced 47.3 MTs of coal, a 4.7 MT jump over 42.6 MT of previous years July logging logged 11% output growth, maintaining the double digit streak for the fourth month on trot this fiscal, despite the monsoon slowing down its production. Amid the escalated demand from power stations during the fiscal year, CIL supplied 199.4 MTs to this sector progressive till July22 posting a robust 19.2% growth. This is a 32 MT increase in absolute terms compared to167.3 MTs supplied in April-July21. CILs supplies to coal fired plants during the referred period were at par with the enhanced requirement projected. The company logged a year-on-year supply growth of 19% in July22 to power plants at 47 MTs. Total coal off-take by CIL grew by 1070 during the first four months of FY23 at 232 MTs compared to 211 MTs year ago same period. The volume expansion was 21 MTs. For July22 CILs total off-take reached 54.5 MTs clocking 8% growth notwithstanding the monsoon, against 50.4 MTs of previous years July. As of 30th July22 total coal stock at CEA monitored thermal plants was 29.6 MTs. Higher supplies from CIL helped build stock at power plants to the tune of 1.04 Lakh tonnes per day during July22, the highest for this fiscal. Coal inventory at CILs pitheads stood at 36 MTs at the closure of July22. Around 11.5 MTs of coal is available at various loading points awaiting shipment. The current coal stock situation is comfortable to meet the present trend of demand,if there is no sudden generation spike as witnessed in August21 when stock at powerplants plummeted by 11.2 MTs in a month. With 6 MT, on tap, coal import orders in place, with scalable option upto 12 MTs, CIL is closely monitoring the supply situation to power plants to handle surge in demand. Powered by Capital Market – Live News