Team News Riveting
Raipur, December 1
Following increase in demand and feed the power plants running short of dry fuel, the offtake of Coal India Limited (CIL) surged by 10.8 per cent in the month of November compared to corresponding period of last year.
State-run miner’s offtake last month stood at 56.8 million tonne (MT) compared to 51.3 MT recorded in the same month of last year. Of the CIL’s subsidiaries, Mahanadi Coalfields Limited (MCL) was the highest contributor sharing 15.4 MT followed by South Eastern Coalfields Limited (SECL) that registered an offtake of 13.4 MT in the month of November. The Northern Coalfields Limited (NCL) contributes 11.5 MT.
The cumulative offtake of coal till November in the current fiscal was 421.1 MT, an increase of 17.9 per cent compared to the previous year’s corresponding period.
The production of CIL rose by 4 per cent to 53.8 MT in November compared to 51.7 MT in the same month a year ago, the company said in a regulatory filing said on Wednesday. The company’s output in the April-November period also increased to 353.4 MT from over 334.5 MT in the year-ago period, it added.
Of the total output, MCL shared 14.9 MT followed by SECL that produced 12.2 MT. The NCL’s total output in the month of November was recorded at 10.8 MT.
