Team News Riveting
Kolkata, February 1
State-run Coal India’s (CIL) supplies to coal fired power plants of the country raced ahead to 441.4 million tonnes (MTs) during April-January of Financial Year 2021-22 (FY’22).
This is a robust volume increase of 83 MTs representing 23 per cent growth compared to 358.2 MT despatch of corresponding period last year.
CIL’s current coal despatch trend to power sector indicates that, by the closure of FY’22, the company shall comfortably surpass the previous high of 491MTs supplied to thermal power plants in FY’19. CIL is also aiming to overtake the ongoing fiscal’s off-take target of 548 MTs to power sector.
During the referred period, the company supplied around 80 MTs more coal to all its customers as the total off-take evinced a steep increase to 542.4 MTs registering 17 per cent year-on-year growth. Total off-take during same period last year was 463 MTs.
CIL produced 478 MTs of coal till January ’22 of the current financial year, which is a 25 MT jump compared to 453 MTs same period last year posting 5.5 per cent growth.
“Our coal output was hampered during the monsoon which was extensive and extended but we still managed to register 25 MTs increase till January in absolute terms” said a senior executive of the company.
CIL’s total coal supply for the month of January’22 also rose steeply to 60.8 MTs with a double-digit growth of 14 per cent. Increase in volume terms was 7.3 MTs compared to 53.5 MTs same month last year.
Supply to thermal power stations witnessed a healthy growth of 24 per cent in January’22 at 50.7 MTs, a 10 MTs increase over corresponding month last year when the despatch was 40.8 MTs.
CIL’s pithead stock was down to 35.6 MTs at the end of January’22 as the company managed to liquidate its coal inventory by nearly 64 MTs during the ten months of FY’22. CIL began the fiscal saddled with 99 MTs of stock pile.
CEA monitored indigenous coal stock at power plants was 23 MTs as of 27th January with CIL chipping in with more than 90 per cent of the stock.
