India’s domestic coal dispatches in February 2023 stood at 74.87 million tonnes (mnt), a slight increase of 5% y-o-y. Moreover, the daily coal dispatches in February 2023 remained almost stable at 2.6 mnt per day compared to the previous month.
In the same period, production increased by 9% y-o-y, while dispatches increased at a slower rate as allocation to the power sector saw a marginal growth from the previous year.
However, because of the higher production rate, India added a coal inventory of 11.7 mnt during February 2023. Meanwhile, in February 2022, it had a surplus of 8 mnt.
Company-wise dispatches
India’s largest coal producer, Coal India Ltd’s (CIL’s) offtake in February 2023 was 58 mnt, remaining range-bound compared to last year.
Amongst CIL subsidiaries, dispatches from Central Coalfields (CCL), Northern Coalfields (NCL), Western Coalfields (WCL), and Bharat Coking Coal (BCCL) fell marginally y-o-y. Eastern Coalfields (ECL) Mahanadi Coalfields (MCL) and South Eastern Coalfields (SECL) saw dispatches growing y-o-y in February 2023.
Captives and other miners had the most spectacular yearly growth of 26% in February 2023, while Singareni Collieries Company (SCCL) dispatched 11% more coal in the same period.
Dispatches to non-power sector up 19%
The non-power sector’s coal offtake increased by 19% y-o-y to 13.7 mnt in February 2023. Allocation to the non-power sector increased with rise in coal production in the country.
Captive power plants received 4.5 mnt of coal, an enormous increase of 81% y-o-y and over 33% of the coal was allotted to the non-power sector in the said period. Moreover, offtake to the steel sector increased by 59% y-o-y to 0.88 mnt.
Also, the amount of coal offtake for the power industry increased slightly by 2.4% y-o-y to 61.1 mnt.
Dispatches grow 7% y-o-y in FY’23
India’s coal offtake in FY23 till February 2023 (April 2022- February 2023) has grown by more than 7% y-o-y. Captive and other miners’ dispatches increased by 28% y-o-y to 104 mnt in the same period.
CIL has dispatched almost 5% y-o-y more in FY23 till February 2023. Two of its subsidiaries, ECL and WCL, have seen a drop in dispatches, while for others, dispatches have increased.
SCCL offtake has marginally increased by 1% y-o-y during April 2022- February 2023.
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