Coal India Ltd has reported a growth of 19% in monthly coal production, as total output was 46.14 MnT in Oct’17 against 38.77 MnT in Sep’17. Monthly production was also 6% higher on the year compared with 43.51 MnT in Oct’16.
Coal production has been progressively increasing in the wake of low coal stock available to the power plants. However, despite the efforts, CIL’s production fell short of its monthly target of 49.47 MnT for Oct’17, thus achieving 93% output in the process.
Total coal production during the first 7 months of FY18 (Apr’17-Oct’17) has increased to 278.01 MnT, up 1.6% Y-o-Y compared with the production during the same period in FY17.
CIL has vigorously increased its coal offtake on the government’s demand to ramp up the production and dispatch to 2 MnT per day against around 1.6 MnT at present.
Due to which the company has achieved the monthly coal offtake for Oct’17, with total dispatch increasing 11% M-o-M to 48.28 MnT.
In the backdrop of robust demand for coal, the government had also asked CIL to clear coal stock at pithead and bring it down to nil from around 30 MnT stock available at present. Total coal offtake of CIL has increased 8.6% Y-o-Y to 317.30 MnT during Apr’17-Oct’17 period.
Monthly Performance of Subsidiaries:
SECL was the top coal producing subsidiary, with coal output of 12.71 MnT in Oct’17. All the 8 subsidiaries have recorded growth in monthly production, but only Northern Coalfields Ltd(NCL) has managed to achieve its production target of 7.5 MnT for the month.
SECL had also recorded the highest coal offtake followed by MCL. Both these subsidiaries had produced more coal during the month with respect of the corresponding offtake, while only NCL and WCL had managed to achieve their respective monthly offtake target during the month.
Source: CIL | Quantity in MnT
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