Indian coal mining giant, CIL has continued the spurt in mining activities during Jan’20, as it pursues its aspirational target of 660 MnT coal production in FY20.
CIL’s coal production grew 9% on the month to 63.11 MnT in Jan’20, thereby attaining new monthly high in the current fiscal. Besides, the output volume also noted its highest Y-o-Y growth for the fiscal, as it rose 10% on the year from 57.21 MnT in Jan’19.
The surge in coal production came largely on back of higher output from MCL and SECL, both of which had attained production in excess of 15 MnT during the month. Eventually, MCL topped the list with production of 15.69 MnT coal, followed by SECL which had garnered 15.52 MnT output in Jan’20.
In addition, the two of the largest coal producing subsidiaries of CIL have also attained 100 MnT production mark for the fiscal in the process.
Meanwhile, all the subsidiaries barring NCL, had secured their highest monthly production for FY20 during Jan’20. However, the lowest contributors in the list-BCCL and NECL, had witness a Y-o-Y fall from the levels attained in Jan’19.
During the first 10 months of FY20 (Apr’19-Jan’20), CIL’s coal production has reached 451.52 MnT as against 469.65 MnT noted in the year-ago period. Apparently, the deficit in coal production has been brought down to 4% in the 10-month period, which was noted nearly 9% in the first 7 months of FY20 (Apr-Oct’19 period).
CIL’s Coal Dispatch:
Coal dispatch by CIL also registered its highest Y-o-Y growth for FY20, as it grew 7% on the year to 56.05 MnT in Jan’20 compared with 52.44 MnT in Jan’19.
CIL’s major subsidiaries-SECL and MCL had both supplied coal in excess of 13 MnT during the month. In fact, barring BCCL and CCL, all other subsidiary had attained their highest monthly dispatch volume for FY20.
Despite the robust growth, CIL total dispatch was still marked 5% lower on the year at 473.31 MnT during the first 10 months of FY20.
However, with power plants sufficiently stocked with coal supplies, CIL has said that it would focus on raising coal dispatch for the non-power sector by liquidating the non-lapsable arrear coal rakes assigned for them before the end of FY20.
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