Team News Riveting
State-run Coal India Limited (CIL) had scripted a new high recording the highest ever growth in production and off-take for any month of September so far.
Country’s largest coal producing company clocked 31.6 per cent growth in production and 31.7 per cent in off-take. For the first time in the current fiscal, growth was in double digits in both the facets.
Supplies to power and non-power sector consumers and rake loading also registered high level growth.
Coal production stood at 40.51 million tonne (MT) in September 20, up by a robust 9.73 MT in absolute terms as compared to 30.78 MT produced during the month in the previous year. Among CIL’s subsidiaries the top three leading the growth trend were Mahanadi Coalfields Limited (MCL) with 68.5 per cent followed by Central Coalfields Limited (CCL) 47.4 per cent and Western Coalfields Limited (WCL) 43.7 per cent.
“Now that we broke the growth jinx in output and off-take, which were weighed down by the pandemic induced slowdown, we expect to better our performance in the ensuing months. We aim to reclaim as much of the lost ground as possible during the rest of the fiscal” said a senior official of the company, adding generally performance in the second half of the financial year is higher in terms of production and supplies.
CIL’s coal off-take saw a sizable jump of 11.2 MT during the referred month. CIL supplied 46.46 MT in September 20 against 35.28 MT in the same month last year logging a growth of 31.7 per cent. MCL again registered the highest growth among the subsidiaries with 63 per cent followed by WCL 60.2 per cent and CCL 31.5 per cent.
Supplies to the non-power sector logged a growth of 65 per cent in September 20 at 10.04 MT compared to 6.08 MT in September 19. Coal dispatch of 36.42 MT to the power sector during the month witnessed a growth of 24.7 per cent compared to 29.20 MT as of September 19, the increase in absolute terms being 7.2 MT.
CIL on an average loaded a total of 241.2 rakes per day in September 20 against 162.2 rakes in the same month last year recording an increase of 79 rakes per day with a growth of around 49 per cent.
“Despite COVID-19 related challenges and inclement monsoon, our production increased by 11 MTs and off-take by 12 MT during the second quarter of the present fiscal” the official said.
