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

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code