Coal India’s production, supplies rise in Q3 2015-16

Coal India Limited’s (CIL) supplies rose 10.7% year-on-year in the third quarter of the current fiscal to 137.90 million tonnes from 124.57 million tonnes during the same quarter of the last fiscal, a government statement said.

It said coal supplies for the nine-month period April-December 2015 grew 9.8% on a year-on-year comparison. CIL supplied 389.27 million tonnes of coal during the period during against 354.66 million tonnes during the same period last year, an increase of 34.61 million tonnes.

“The company in the recent times has stepped up its coordination with Indian Railways in a bid to get more rakes and this appears to have paid off in terms of increased supplies. CIL has been able to maintain growth trajectory in its supplies despite slowdown in the demand for the fuel from coal fired power utilities, which account for around 77% of its overall coal supplies,” the statement said.

It said production grew 9.4% growth during Q3 on a quarter-on-quarter basis to 143.97 million tonnes against 131.64 million tonnes.

Production in the first nine months of 2015 rose by 9.1 to 373.51 million tonnes against 342.38 million tonnes in the same period in the previous year.

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