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

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

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

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?