Coal India Ltd (CIL) has reported its highest monthly coal production for the FY19 in Oct’18, which can be seen as the continual of a spurt growth in output for the remaining fiscal hereafter.
The coal miner has attained 49.77 MnT coal output in Oct’18 up 24% M-o-M from 40.24 MnT in Sep’18, which was also 8% higher on the year compared with 46.14 MnT in Oct’17. In fact, it was the 15th consecutive month in which the coal company has managed to drive-up the monthly production on the y-o-y basis.
CIL’s coal production has witness a healthy growth rate after the month of September. Besides, the liquidation of 34.34 MnT from its pit head coal stock implies that the coal miner was only left with 21.21 MnT excess stock at the end of Sep’18.
Certainly, with a lower amount of coal stock in hand, CIL would be in better place to schedule its production to meet the surging coal demand of the country.
During the first 7 months of FY19 (Apr’18 to Oct’18), the miner has produced 306.24 MnT coal, with an increase of 10% Y-o-Y from 278.03 MnT recorded in the same period of FY18.
CIL’s Coal Dispatch: Monthly coal dispatch was marked at 50 MnT in Oct’18, rising 14% M-o-M from 43.91 MnT in Sep’18, which was also 4% higher than the levels attained in Oct’17.
Overall dispatch in the 7-month period of FY19 has reached 340.81 MnT, clocking 7.4% growth as compared to 317.28 MnT in the year-ago seven months.
Subsidiary-wise Performance in Oct’18:
SECL remained the largest coal producer among the subsidiaries in Oct’18. The company had recorded 12.8 MnT coal output in the month, which was even 2% more than its monthly dispatch of 12.8 MnT.
All the subsidiaries had witness a growth in monthly production except BCCL, whose output was 7% lower on the month. Each subsidiary, however, had noted increase in monthly dispatch during Oct’18.
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