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