In July, CIL's coal output increased by 11%

2 Aug 2022 , 07:46 AM

State-owned CIL reported on Monday that it produced 47.3 million tonnes (MT) of coal last month, up 11% from the same time last year. Every year, the monsoon causes disruptions in mining activity that cause the production of local coal to decline.

The coal company reported in a BSE filing that the company’s output in the same month of the prior fiscal was 42.6 million tonnes (MT).

Coal India Ltd (CIL) reported that throughout the current financial year, it had maintained a double-digit growth trend for four straight months.

More than 80% of the coal produced domestically is produced by Coal India.

The public sector company produced 207.1 MT of coal in the first four months of the current fiscal year, up 24.3% from 166.6 MT in the same period last year.

Due to an increase in demand from the power industry, CIL provided 199.4 MT of coal to this sector between April and July of the current fiscal year, 19.2% more than the 167.3 MT delivered during the same time last year.

According to the report, the supply of dry fuel to coal-fired plants between April and July was adequate to meet the anticipated rise in demand.

The amount of coal that CIL supplied to power units increased by 19% last month to 47 MT.

In the first four months of the current fiscal year, CIL’s total coal offtake climbed by 10% to 232 MT from 211 MT in the corresponding time last year. Despite the monsoon, CIL’s total offtake increased to 54.5 MT in July 2022, representing a rise of 8%.

In the same month of the prior fiscal year, CIL’s total offtake was 50.4 MT. At the end of the previous month, the amount of coal stock at the pitheads of CIL was 36 MT.

A total of 11.5 MT of coal is available at several loading locations and is ready for transport.

If there is no sudden production rise like that seen in August 2021, when the stock at power plants fell by 11.2 MT in a month, “the current coal stock condition is comfortable to match the present trend of demand,” CIL stated.