Key Performance Highlights of SECL in FY17

South Eastern Coalfields Limited, the largest coal producing subsidiary of CIL, which accounts for about 25% of total production of CIL in 16-17. CIL had produced 554.135 MnT coal during FY17.

SECL with coal production of 140.003 MnT during FY17 has registered a growth of 1.50% Y-o-Y over the last fiscal. However, the company failed to achieve its production target of 149.67 MnT for FY17.

Coal Production:

State-wise Production:
Coal reserves of SECL are spread over two states, namely, Chhattisgarh and Madhya Pradesh. During FY17, SECL has produced 11.925 MnT coal from coal mines in Madhya Pradesh, and 128.078 MnT coal from Chhattisgarh coal mines.

Grade-wise Coal Production:
SECL has produced 139.83 MnT Non-coking coal in FY17, with an increase of 1.52% Y-o-Y compared with 137.79 MnT in FY16. Production of G-11 grade was highest with 96.27 MnT, followed by G-6, G-7 and G-5 grades.

Production of coking coal fell by 1.52% Y-o-Y to 0.11 MnT in FY17. The coking coal produced was of Semi Coking grade-II (having ash and moisture content in the range of 19-24%).

Production based on Mining Technique:
During FY 2016-17, total coal production from Underground mining and opencast mining was 14.548 MnT and 125.455 MnT respectively.

Also, Overburden removal during FY17 was 178.791 M Cu Mtrs (Million Cubic Meters) against 175.367 M Cu Mtrs in FY16, thus registering a growth of 1.95% over previous year.

Coal Offtake:
The coal off-take during 16-17 was 137.672 MT against the target of 149.67MT thus achieving 91.98% of the set target. Coal Offtake decreased by 0.78% Y-o-Y compared with 138.75 MnT in FY16.

Sector-wise Coal Offtake:
Power Sector acquired highest coal quantity during the year. Coal offtake to Power sector increased by 2.93% Y-o-Y to 108.49 MnT, against demand of 113.73 MnT in FY17.

Sector FY17 FY16 % Change
Power 108.49 105.4 3%
Fertilizer 0.82 1.02 -20%
Cement 2.25 2.96 -24%
Others 26.1 29.36 -11%
Colliery Consumption 0.01 0.01 0%
Total 137.67 138.75 -1%

Source: SECL
Quantity in MnT

Mode-wise Coal Offtake:

Mode FY17 FY16 % Change
Rail 52.93 46.69 13%
Road 52.53 57.14 -8%
Belt 7.34 7.13 3%
MGR 22.73 25.07 -9%
Own Wagons 2.13 2.71 -21%
Colliery Consumption 0.01 0.01 0%
Total 137.67 138.75 -1%

Source: SECL
Quantity in MnT

Coal E-Auctions:
SECL has successfully offered 482.28 lakh tonnes for sale through e-auction. Performance of the spot e-auction & Forward e-auction during 2016-17 is as under:

Scheme Offered Quantity Booked Quantity Gain Over Notified Price % Gain over Notified Price
Spot E-Auction 467.39 194.16 625.57 25.25
Forward E-Auction 14.89 2.12 0.64 0.95

Source: SECL
Quantity in MnT
Price in INR Crore

In addition to above e-auctions, three new e-Auction schemes has been introduced by CIL, details of which are here under:

Scheme Offered Quantity Booked Quantity Gain Over Notified Price % Gain over Notified Price
Special Forward E-Auction 270.49 123.98 271.83 20.16
Exclusive E-Auction 59.37 14.18 17.13 6.98
Special spot E-Auction 59.99 10.05 24.56 13.97

SECL has sold 344.49 Lakh Tonnes coal in this year’s auction, thus gaining INR 939.73 Crore over the notified price.


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