iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Coal India records high of 528 MTs of coal supplies to domestic power utilities

28 Mar 2022 , 12:44 PM

Coal India announced that till 24 March 2022 of the ongoing fiscal, the company has supplied an all time high of 528 million tonnes (MTs) of coal to the countrys power utilities. This is 98.5% of the prorated demand of 535 MTs projected by Ministry of Power and Central Electricity Authority.

CIL is focused on meeting its despatch commitment to the countrys power stations as the supply numbers indicate.

The current trend of coal stock accumulation indicates, CIL opening the fiscal FY23 with above 60 MTs at its pitheads. The stockpile of domestic coal at power plants is expected to rise to around 25 MTs by the closure ofthe fiscal, the bulk of it augmented by CILs supplies.Further, an additional 4.5 MTs will be available at goods sheds, washeries and ports.

Indigenous coal stock at power houses monitored by CEA stood at 23.7 MTs as of 24 March 2022.

CIL is cognizant of the importance of meeting increased coal demand of power sector as the generation will step into higher orbit with the advent of summer. With sufficient coal in the system and stepping up its production CIL is geared to meet the summer demand.

CIL has offered a total of an additional 11.2 MTs coal in two rounds on as is where is basis, to boost coal stocks at the generating units, when an unprecedented spike in power generation was witnessed in September 21. The offer was made to 12 central and state gencos from CILs highly stocked mines through road-cum-rail mode.

With 35 MTs of coal lifted through special forward e-auction window, meant for power sector, the year-on-year growth was 53% till date.

Power houses without power purchase agreement (PPA) have no cause for worry as they are eligible for participation under a separate auction window called SHAKTI B(viii-a).

Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.