Coal India Ltd has recorded almost flat performance in terms of coal production and dispatch during Dec’18, though the company has managed to raise the coal stock levels at the power plants.
CIL has reported coal production of 54.13 MnT in Dec’18, rising 4% M-o-M from 52.09 MnT in Nov’18.
Although the monthly output has attained new highs for the FY19, yet the rate of output recorded around 1.75 MnT/day in Dec’18 was almost flat as compared with previous month.
Besides, output in Dec’18 had fell 1% Y-o-Y from 53.44 MnT recorded in Dec’17, thereby ending the rising streak in terms of yearly gains noted for the past 16 months.
The company’s performance in terms of coal offtake had also seen slim growth in Dec’18, which had increased 3% M-o-M to 52.77 MnT against 51.01 MnT in Nov’18, while falling 1% Y-o-Y from 53.44 MnT in Dec’17.
CIL in accordance with the Coal Ministry had taken immediate measures to raise the coal supply to the power plants which were facing critical stock levels. Notably, CIL’s total coal supply to power plants till 30 Dec’18 has increased to 357.5 MnT for the FY19, as compared to 332.03 MnT noted till 30 Dec’17 in FY18.
As a result, coal stocks at the power plants have risen to 16.607 MnT as on 31 Dec’18, sufficient for 10 days of power generation. Stock levels a year before were recorded at 13.199 MnT sufficient for 9 days.
As on 31 Dec’18, number of power plants in critical/super critical category were reduced to 9, as compared with 13 recorded as on 31 Dec 17.
The subdued performance in terms of monthly coal output and offtake, have come as a surprise, even though CIL has managed to raise coal stock positions at a power plants. Particularly at a time when CIL’s coal allocation in e-auction has been lower, where most of the non-power fraternity depends upon for its coal supplies.
Amid the weaker monthly results, CIL’s total coal production has posted a healthy growth of 7% Y-o-Y to 412.45 MnT in the first 9 months of FY19 (Apr’18-Dec’18), while offtake during the period increased 5.5% Y-o-Y to 444.59 MnT.
Subsidiary-wise Performance in Dec’18:
MCL overtook SECL to emerge as the largest coal producer in Dec’18.
MCL’s coal production increased 5% M-o-M to 13.05 MnT in Dec’18. While SECL’s coal production decreased 5% M-o-M to 12.52 MnT, which was the only drop noted among the 8 coal producing units of CIL.
Monthly coal dispatch from SECL had also fallen 4% M-o-M to 12.95 MnT in Dec’18, but was still the largest among the rest of the coal subsidiaries.
Source: CIL | Quantity in MnT
Leave a Reply