Coal India Ltd (CIL), has reported an increase of 4% in monthly coal production. The company had produced 56.69 MnT coal in Jan’18 against 54.63 MnT in Dec’17. On the yearly, basis, coal output was 1% higher than the production of 55.99 MnT achieved in Jan’17.
Although CIL’s production has been progressively increasing on the monthly basis, yet the company is still running short of its production target.
During Jan’18, CIL had only achieved 90% of its production target of 63.32 MnT coal; 6.63 MnT lesser than the coal output managed during the month. While in Dec’17, CIL’s actual production was 4.26 MnT short of the prescribed target for the month.
CIL has been increasing its monthly production target, in order to meet its objective of 600 MnT coal production in FY18 (Apr’17-Mar’18). However, with the current rate, the company is not likely to meet that feat.
CIL has produced 440.62 MnT coal during Apr’17-Jan’18, achieving 94% of the set target of 469.90 MnT for the same period.
CIL’s coal offtake had increased 5% M-o-M to 53.7 MnT in Jan’18, but was 6% short of its monthly target of 57.36 MnT. CIL was liquidating the existing coal stocks at mines since the beginning of the FY18, accordingly, the monthly dispatch were higher than the corresponding production.
However, for the past 3 months, CIL has reported higher production than the coal dispatches. During Apr’17-Jan’18, CIL has managed total dispatch of 475.12 MnT.
Subsidiary-wise Performance in Jan’18:
In terms of individual performance by subsidiaries, MCL had overtaken SECL to become the top coal producer in Jan’18. However, SECL remained the top subsidiary which had dispatched the highest coal during the month.
Source: CIL
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