+
CIL records coal off-take to 55 mt in May
COAL & MINING

CIL records coal off-take to 55 mt in May

Coal India Ltd (CIL) saw a rise in coal off-take to 55 million tonne (mt) for May, owing to a revival in demand from the power sector. Due to the Covid-19 lockdown, coal offtake was around 40 mt in FY20.

However, the company's off-take in May is 6% more than 52 mt recorded in May 2019 during the pre-Covid period. CIL's supply to the power sector, at 44 mt in May, was up 41% from the same period last year, indicating a healthy recovery in coal demand.

Stocks at thermal power plants fell by 5 mt in April from 28.9 mt at the end of FY20, owing to increased activity and higher coal consumption. However, increased supplies by CIL in May resulted in the coal stock at coal-fired plants being restored to 29 mt. The company planned to increase its supplies in the coming months.

The total coal off-take of CIL for April-May was 109.2 mt, up 38% from 79 mt in the same period last year. Similarly, a 38% rise was noted in the supply to power sector, one of the largest consumers of coal.

During the first two months of FY21, CIL supplied 86.3 mt of coal to power, compared to 62.7 mt during FY20.

During April and May, CIL liquidated 25 metric tonnes of coal from its inventory. The company started FY22 with close to 100 mt of stock at its pitheads, but by the end of May, it had reduced it to 74.3 mt.

In May, coal production increased by around 2% to 42.1 mt, compared to 41.4 mt in the same month the previous year. Production increased by around 3% in April-May, reaching 84 mt (81.8 mt).

With a growth rate of 17%, it is the second-highest in terms of overburden removal.

Image Source


Also read: CIL notes 28% decline in coal allocation held via e-auction in April

Also read: Coal India’s fuel allocation via spot e-auction surges 43% in FY21

Coal India Ltd (CIL) saw a rise in coal off-take to 55 million tonne (mt) for May, owing to a revival in demand from the power sector. Due to the Covid-19 lockdown, coal offtake was around 40 mt in FY20. However, the company's off-take in May is 6% more than 52 mt recorded in May 2019 during the pre-Covid period. CIL's supply to the power sector, at 44 mt in May, was up 41% from the same period last year, indicating a healthy recovery in coal demand. Stocks at thermal power plants fell by 5 mt in April from 28.9 mt at the end of FY20, owing to increased activity and higher coal consumption. However, increased supplies by CIL in May resulted in the coal stock at coal-fired plants being restored to 29 mt. The company planned to increase its supplies in the coming months. The total coal off-take of CIL for April-May was 109.2 mt, up 38% from 79 mt in the same period last year. Similarly, a 38% rise was noted in the supply to power sector, one of the largest consumers of coal. During the first two months of FY21, CIL supplied 86.3 mt of coal to power, compared to 62.7 mt during FY20. During April and May, CIL liquidated 25 metric tonnes of coal from its inventory. The company started FY22 with close to 100 mt of stock at its pitheads, but by the end of May, it had reduced it to 74.3 mt. In May, coal production increased by around 2% to 42.1 mt, compared to 41.4 mt in the same month the previous year. Production increased by around 3% in April-May, reaching 84 mt (81.8 mt). With a growth rate of 17%, it is the second-highest in terms of overburden removal. Image Source Also read: CIL notes 28% decline in coal allocation held via e-auction in April Also read: Coal India’s fuel allocation via spot e-auction surges 43% in FY21

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?