Coal India dispatches all-time high coal in the first 7 months of current fiscal

Coal India (CIL) despatches hit 364.4 million tonnes in the first seven months of the current fiscal, the highest ever, posting a 19% growth over the corresponding period the last fiscal. During the same period last fiscal, CIL dispatched 305.8 million tonnes.

Even as CIL gradually created an average 6 days’ stocks across all the 167 linked plants generating an aggregate 1,65 066 MW, six plants aggregating 5,550 MW generation capacity are still left with no stock. Twelve plants generating a total 14,822 MW have one day’s stock and 17 generating a total of 19,100 MW have only two days’ stock.

CIL supplies in October reached 56.7 million tonnes, nearly a 12% jump over the despatches during October last fiscal.

While the company has been meeting daily requirements preventing massive power outage, it also shored up coal stocks at the plants. From an average 7.3 million tonnes as on October 17, the coal stock at the power plants gradually climbed to an average 10.52 million tonnes, equivalent to 6 days’ stock, by the month end.

During October last week, the average per day stock accumulation at thermal power plants has been over 3 lakh tonnes, touching almost 4 lakh tonnes on four days. Against the power sector’s coal consumption of around 1.8 million tonnes a day, the supply from CIL and other sources has been around 2.2 million tonnes in the last week of October.

CIL expects to further boost the stocks to 12 million tonnes by Diwali. Meanwhile Union minister Pralhad Joshi asked state-owned Coal India Ltd and its subsidiaries to make all out efforts to ensure at least 18 days of coal stock with thermal power plants by the end of the month. State-owned Coal India Ltd (CIL) has been prioritising the supply of coal temporarily to power producers to replenish dwindling stocks of the dry fuel.

Addressing the 47th foundation day function of Coal India Ltd (CIL) virtually, the Union coal minister called upon CIL to attain 1 billion tonnes per year  production by the end of 2024.

The minister pointed out that international coal prices have increased more than three times recently which resulted in 38 per cent decrease in coal imports to India. At the same time, electricity demand has gone up by more than 24 per cent indicative of robust economic growth.

Leave a Reply

Your email address will not be published. Required fields are marked *