Coal India Ltd (CIL), the largest coal producer in the country, has reported a progressive increase in its coal output attained during Feb’20.
The company produced 66.26 MnT coal in Feb’20 which was marked 5% higher on the month from 63.11 MnT noted in Jan’20. The output volume had also registered its largest Y-o-Y growth for FY20, as it grew 14% on the year from 58.05 MnT in Feb’19.
Despite the comparatively shorter working duration in Feb’20, CIL had managed to raise output from the mines by notching a daily average production of 2.28 MnT in the period as against 2.04 MnT seen in Jan’20.
Output from each of the coal producing subsidiaries, except NCL, had increased on a monthly basis, while all of them had posted a y-o-y growth during Feb’20.
CIL’s total coal production reached 517.78 MnT during the first 11 months of FY20 (Apr’19-Feb’20), which despite the recent upsurge has fallen 2% Y-o-Y from 527.69 MnT in the year-ago period.
CIL’s Coal Off-take:
Coal dispatch by CIL remained flat due to the subdued demand from the power sector.
Off-take during Feb’20 decreased 2% M-o-M to 54.97 MnT compared with 56.05 MnT in Jan’20, although there was a marginal rise in average coal supplies wherein 1.9 MnT/day was dispatched in Feb’20 as against 1.81 MnT/day marked in Jan’20.
The dispatch volume was marked 7% higher on the year from 51.45 MnT in Feb’19.
Incidentally, CIL has been posting higher production than off-take for the past 4 months, in order to build-up adequate stock at the pit-head mine which would be utilized as a supplement to boost the coal requirement at the time of peak-summer demand.
Slow demand in the FY20 has taken a toll on CIL’s cumulative dispatch which came down 4% on the year to 528.27 MnT in the 11 month period (Apr’19- Feb’20).
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