Team News Riveting
Raipur, August 7
The leading arms of the state-run Coal India Limited (CIL) had made a major jump in July and enhanced the production to record the company’s output up by 14 per cent compared to previous years.
The three highest coal producing entities of the CIL namely South Eastern Coalfields Limited (SECL), Mahanadi Coalfields Limited (MCL) and Northern Coalfields Limited (NCL) are back on growth trajectory. NCL for the first time in the current fiscal bounced back to record production in positive. Though not negative, NCL’s May production was marginally up by 0.4 per cent.
The production of three companies started gradually increasing from the month of June while the graph was sustained in July. The SECL’s production went up by 5.9 per cent compared to 2.7 per cent in June while MCL recorded a growth of 21.9 per cent compared to June’s 13.6 per cent. After a negative growth of 6.9 per cent, NCL recorded a growth of 5.5 per cent in the output for the month of July.
SECL, MCL and NCL registered growth of 0.7 per cent, (-)3.1 per cent and 0.4 per cent respectively in May while in April, the figure was 0.10 per cent, (-)7.8 per cent and (-)1.9 per cent for the three companies.
The Central Coalfields Limited (CCL), the fourth highest coal producing company of CIL, had however continued its performance in positive; registering a growth of 112.2 per cent, 45.3 per cent, 13.3 per cent and 32 per cent in the month of April, May, June and July respectively of the current fiscal.
The actual production of CIL this year has gone up by 5.2 per cent compared to previous year while the offtake had increased by 28.4 per cent following power production going up as demand surged.
