CIL’s production and offtake remained subdued in February

02 Mar 2021 CW Staff

Production and offtake of Coal India Ltd (CIL) remained subdued in February amid lower demand and a robust pithead stock of 78 million tonne (mn t), sources told the media.

The mining major is likely to report provisional dry fuel production of 61.8 mn t in February as against 66.26 mn t in the corresponding month last year, a decline of 6.6%, the sources said.

On a monthly basis, the production fall was sharper in February than in January, when it reported a drop of 4.1%.

Offtake is likely to be around 51.2 mn t during the reporting month compared to 54.9 mn t in the year ago period, the sources said.

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

Cumulative production of dry fuel by the mining company in the April-February period of the current fiscal is expected to be at 515 mn t as against 517 mn t in the corresponding 11 months a year earlier.

Electricity consumption in January was close to 111 billion units, with state run fuel retailers, who dominate 90% of the market share, reporting a 5% decline in sales from the previous month.

As we have reported earlier, Coal import is increasing on a year-on-year basis in India. In 2015-16, the country imported 203.95 mn t of coal, which was increased to 248.54 mn t in 2019-20, and consequent spending of around Rs 1.58 lakh crore in foreign exchange.

The central government plans to permit the sale of 50% of coal and lignite produced by captive blocks on an annual basis, a move aimed at augmenting the production and increasing the availability of dry fuel.

In the note for consultation of the ministry, it has been proposed to charge an additional amount on grant and extension of mining leases (ML) of both coal and non-coal government companies.

Image Source

Also read: Proposal to end iron ore leases of “no-output” mines

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..