Coal India’s supplies to power sector hits record of 493 mt in FY22
COAL & MINING

Coal India’s supplies to power sector hits record of 493 mt in FY22

Coal India Limited (CIL) supplies to the power sector have hit a record of 493 million tonnes (mt) as of March 3 of the ongoing fiscal year, compared to the previous high of 491.5 mt in FY19.

During the April-February period, CIL had supplied 90 mt more coal to the power sector, compared to the same period last year. CIL aims to close the fiscal year with 548 mt off-take to the power sector projected by the Central Electricity Authority.

CIL’s coal despatch to this electricity sector was at 488 mt at the end of February, with a 23% growth, compared to 398 mt in the same period of FY21.

According to a statement, CIL's challenge during the year was adjusting to the unpredictability of the coal demand. The coal-based power generation sector witnessed a muted growth in the last two fiscal years, which has increased to 11.2% till January, compared to the same period last year.

The state-owned miner reported a 22% growth in supplies to the power sector at 48.4 mt in February 2022, compared to the same period last year.

CIL has a current coal stock of 43 mt, which is expected to increase by the end of FY22. It would help the company gear up to meet the summer coal demand.

Image Source

Also read: CIL supplies about 3.4 lakh tonne of coal to non-power sector

Coal India Limited (CIL) supplies to the power sector have hit a record of 493 million tonnes (mt) as of March 3 of the ongoing fiscal year, compared to the previous high of 491.5 mt in FY19. During the April-February period, CIL had supplied 90 mt more coal to the power sector, compared to the same period last year. CIL aims to close the fiscal year with 548 mt off-take to the power sector projected by the Central Electricity Authority. CIL’s coal despatch to this electricity sector was at 488 mt at the end of February, with a 23% growth, compared to 398 mt in the same period of FY21. According to a statement, CIL's challenge during the year was adjusting to the unpredictability of the coal demand. The coal-based power generation sector witnessed a muted growth in the last two fiscal years, which has increased to 11.2% till January, compared to the same period last year. The state-owned miner reported a 22% growth in supplies to the power sector at 48.4 mt in February 2022, compared to the same period last year. CIL has a current coal stock of 43 mt, which is expected to increase by the end of FY22. It would help the company gear up to meet the summer coal demand. Image Source Also read: CIL supplies about 3.4 lakh tonne of coal to non-power sector

Next Story
Infrastructure Urban

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..

Next Story
Infrastructure Energy

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..

Next Story
Infrastructure Urban

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..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement