Team News Riveting
Kolkata, June 1
Combating COVID-19 induced complications in most of its projects, state-run Coal India Limited (CIL) had managed to maintain the output and dispatch momentum in the month of May.
In the second month of the current fiscal, the country’s largest coal producer’s dry fuel output was recorded at 42.1 million tonne (MT), CIL said in a regulatory filing today. The offtake stood at 55.01 MT last month as against production of 41.4 MT and sales of 40 MT reported during the corresponding period last year.
Coal India also had to bear the impact of the pandemic on the production as a large number of the company’s employees across subsidiaries and contractors came in contact with contagious disease. But the company did not falter to fulfil the country’s dry fuel demand. The electricity demand has surged in recent months and boosting demand for coal as thermal power meets the lion share of the country’s power demand.
Despite all odds, the production and sale of CIL had been on a momentum note in the first two months of the financial year 2021-22. While the production surged 2.6 per cent, offtake went up 37.9 per cent as compared to the corresponding period of the last fiscal.
While the largest coal producing entity of the CIL, South Eastern Coalfields Limited (SECL) retained the production volume by producing 9.2 MT of coal compared to previous year’s 9.1 MT, Mahanadi Coalfields Limited (MCL) reported a drop of 3.1 per cent in the out. It produced 10.9 MT of coal in May 2021 as compared to previous year’s 11.2 MT.
The production of Central Coalfields Limited (CCL) went up by 45.3 per cent, from 2.9 MT to 4.2 MT while Northern Coalfields Limited (NCL) reported 9.2 MT output that was the same compared to previous year’s production in the month of May.
