Coal India targets 156 MT coal supply to power sector in April-June

Coal India said it expects to supply 156 million tonnes of coal to the power sector during the summer months of April-June, despite rising demand for the dry fuel. This amount would be slightly more than a quarter of the power sector's dispatch target of 610 MT for 2023-24, according to CIL. The power ministry anticipates peak demand of 229 GW next month, up from 211 GW in April of this year. By the end of this month, India's largest coal producer expects to have a stock of 68 MT at its pitheads. The stock was 57.3 MT as of March 13. The company would be scaling up its production into a higher orbit, maintaining the pace on the back of an unprecedented 700 million tonnes output that it is on track to achieve by the end of FY23, CIL said. Even after delivering the planned coal to power utilities in April and June, the company expects to have 50 MT of stock at its pitheads by the end of June. The company is confident in meeting its 2023-24 coal supply target to the power sector, which at 610 MT is 20 MT higher than the sector's initial projection. Also Read PM Gati shakti identifies 101 projects under ports and shipping Railway receives bids for Ahmedabad Station Redevelopment Project