Coal India Ltd (CIL) has reported a 7% increase in coal dispatch to the power plants in Aug’18. As per the data received from Coal Ministry, the miner has supplied 36.7 MnT coal to the power stations in Aug’18 against 34.2 MnT in Aug’17.
Monthly dispatch in Aug’18 had fallen to its lowest total for FY19, dropping 7% M-o-M from 39.5 MnT in Jul’18.
However, as a result of progressive growth on the year-on-year basis during each of the first 5 months of FY19 (Apr’18-Aug’18), overall dispatch to power sector has grew 12% Y-o-Y to 196.9 MnT against 175.6 MnT recorded during the same period last year.
Coal Dispatch to power sector from SCCL remains rather subdued. The miner supplied 3.6 MnT coal during Aug’18, which came down marginally on the month from 3.7 MnT in Jul’18, and was also 8% lower on the year from 3.9 MnT in Aug’17.
SCCL’s overall dispatch of 21.2 MnT to the power sector in the 5-month period (Apr’18-Aug’18) was almost stable on the year from 21 MnT recorded in Apr’17-Aug’17.
A remarkable growth in coal supplies especially from CIL helped the power plants’ coal stock to improve on the year-on-year basis at the end of Aug’18.
Combined coal stock at the power plants although had fell 8% on the month to 19.472 MnT in Aug’18, but were 20% on the year from 16.169 MnT recorded at the end of Aug’17. The stock levels at the plants in each of the previous 4 months of FY19 had been lower Y-o-Y.
Consequently, a better stock position in the plants is likely to put a lid on coal imports this term contrary to the drastic surge seen in the previous year.
CIL’s Coal E-Auction Results:
Coal allocation in the spot coal auctions had hit a new low of 2.21 MnT in Aug’18, down 35% Y-o-Y from 3.38 MnT in Aug’17, which was also 8% lower on the month from 2.4 MnT in Jul’18.
An urgency to supply more coal to its contract buyers’ has certainly limited CIL’s coal allocation in the spot auctions. Total quantity supplied in this auction during the first 5 months of FY19 have fallen 21% Y-o-Y to 15.11 MnT compared with 19.09 MnT.
Allocation in special forward e-auction for power sector has also fallen 14% Y-o-Y to 17.21 MnT in the 5-month period. Coal allocation of 0.99 MnT in Aug’18, was improved in the sense as no supplies were made under this scheme in Aug’17, but was down 52% on the month from 2.05 MnT in Jul’18.
The multi-fold increase in allocation under Exclusive e-auction had indeed provided a sigh of relief for non-power sector for which the auction is especially envisaged. A total of 3.47 MnT coal was supplied under this scheme of auction in Aug’18, recording a remarkable growth on the year and month from a mere 0.32 MnT in Aug’17 and 0.46 MnT in Jul’18.
Total coal allocation in the auction, as a consequence, has now reached to 7.3 MnT in the 5-month period against 5.48 MnT recorded in the same period last year.
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