Coal India registers 10.6% jump in coal production in April-September

8-Oct-2018

Maharatna company, Coal India Limited (CIL), the world’s largest miner, has seen a 10.6 per cent jump in coal production for the first six months (April-September) of this fiscal to 256.47 million tonnes (MTs). In the year ago period, its production stood at 231.88 MTs.

According to a press release issued by the company, it saw an 8.1 per cent jump in total coal supplies in H1FY19.

During the period under review, CIL had supplied 232.21 MT of coal to the thermal power plants, indicating a 10 per cent increase over the corresponding period last fiscal. The average rake loading per day from CIL to the power sector was 202 rakes in HIFY19, up by 9.6 per cent as against the 184.3 rakes it reported in H1FY18.

CIL liquidated 34.34 MT of its pit head coal stock during the first six months of this financial year. The stock pile at the beginning of the fiscal stood at 55.55 MT.

Q2 numbers

For the second quarter of this fiscal (July- September period), CIL reported an 5.8 per cent jump in coal production and a 4.5 per cent rise in coal-offtake.

Coal production during July-September period stood at 119.62 MT, as against the 113.04 MT it reported in the year-ago-period. Coal off-take during Q2 of the current fiscal, stood at 137.34 MT.

“Despite the monsoon impeding our production and coal offtake in the second quarter of the fiscal, we have been able to register a growth of 5.8 per cent and 4.5 per cent respectively in both these performance parameters during July-September 2018,” the company said in a release.

The company supplied 109.4 MT of coal to thermal power plants in Q2FY19, a 5.1 per cent growth over the 104.1 MT it supplied in the same period last fiscal. In Q2, loading from CIL sources to power plants was 187 rakes per day, a 4.1 per cent growth over the same period last fiscal.

Source: THE HINDU BUSINESSLINE