iifl-logo

Invest wise with Expert advice

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

sidebar image

Coal stock at power stations increases to around 30 MT: Coal India Ltd.

2 Sep 2022 , 07:53 AM

State-run Coal India reported on Thursday that coal supplies at power plants increased to roughly 30 million tonnes last month, allaying concerns about a dry fuel scarcity during the monsoon season.

To prevent a repeat of the power shortages experienced this summer, the administration has made every effort to increase coal reserves.

“…coal stock in power plants, including imported coal, is close to 30 MTs as of August 22. (till 29th). Compared to August 21, when the stock fell by 11.2 MTs in a month, this is significantly greater than the 12.8 MTs at that time “In a statement, Coal India Ltd (CIL) stated.

The PSU claimed that increased fuel supply from CIL contributed to the stabilization of the stock at power plants.

There is enough coal in the system, according to the Maharatna corporation, with a store of dry fuel of 31 MT at CIL’s pitheads, a stock of roughly 30 MT at power plants, and little over 10 MT at PSU sidings, goods sheds, private washeries, ports, and captive factories.

Additionally, in the first five months of the current fiscal year, the supply of coal to the power industry increased to 243.3 million tonnes.

The amount of coal produced by CIL between April and August climbed by 21% to 253.3 MT, up from 209.2 MT in the same time last year.

In contrast to 42.6 MT in the equivalent month of the previous fiscal, CIL production increased to 46.2 MT last month.

The PSU provided 43.8 MT of coal to thermal power plants in August, up from 37.8 MT in the same month of the previous fiscal, a gain of 16%.

More than 80% of domestic coal production is attributed to Coal India. By 2023—2024, the corporation plans to produce one billion tonnes.

This year, due to a coal shortage, there were power disruptions in a number of areas of the country during the summer.

For feedback and suggestions, write to us at editorial@iifl.com

 

Related Tags

  • CIL
  • coal
  • India
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

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

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.