Power sector’s dues to Coal India rise 10% to Rs 152. 52 bn

The outstanding amount due to Coal India (CIL) from the power sector rose 10 per cent on a month-on-month basis to Rs 152.52 billion at the end of June 2022 from Rs 138.25 billion in May. During June, CIL’s coal production rose 29 per cent year-on-year to 51.56 million tonnes, while the cumulative output for April, May and June stood at 159.75 mt, which is higher on an annual basis by 29 per cent. With the country facing shortage of coal, largely on account of significant a decline in imports of the fuel and higher demand for electricity, the coal offtake rose 15 per cent year-on-year to 58.98 mt, whereas during April-June, the total off-take grew 10.7 per cent to 177.59 mt on an annual basis. The despatch of coal from CIL also was higher by 26.5 per cent year-on-year at 51.09 mt last month. During April-June, the cumulative despatch of the dry fuel rose 19.2 per cent year-on-year to 152.49 mt. The production of 622.63 mt of coal by CIL during FY22 is the highest ever. Production for FY22 represents an increase of 26.41 mt, which is 4.4 per cent growth over the previous year’s 596.22 mt. See also: Renewed push to run imported coal-based plants Coal prices to remain high in the monsoon quarter: ICRA