On the back of increased rake loading, Coal India Ltd has reported an 10% growth in coal supplies to the thermal power plants (TPPs) during the first half year period of FY19.
As per the data provided by Coal Ministry, CIL has supplied 231.3 MnT coal to the power sector in H1 FY19, which was 20.2 MnT more than that recorded during the similar time frame in the previous fiscal. Coal Supplies to TPPs stood 211.10 MnT in H1 FY18.
Average rake loading per day from CIL sources to Power Sector grew by 9.6% Y-o-Y, recorded at 202 rakes during H1 FY19 compared to 184.3 rakes for similar period a year ago. The increased loading in absolute terms was 17.7 rakes a day.
Sustaining the double digit output growth since the beginning the current fiscal, the miner has posted a robust 10.6% production growth during H1 FY19 alongside an 8.1% jump in total coal supplies, against comparable period last year.
CIL’s total coal offtake of 290.81 MnTs during the half year period was 21.81 MTs more registering a growth of 8.1%, of which nearly 80% coal was supplied to the power plants.
The miner has managed to liquidate 34.34 MnT of its pit head coal stock during the first 6 months of FY19. Coal stock pile which was 55.55 MnT at the beginning of FY19 now stood 21.21 MnT at the end of Sep’18.
The low level of stock in hand should encourage CIL to get close of its revised production of 652 MnT set for the FY19.
SCCL’s Coal Dispatch to Power Plants:
Singareni Collieries Company Ltd (SCCL) had reported growth of 1.7% Y-o-Y in coal supplies to the power plants during H1 FY19.
The company has supplied 25.4 MnT coal to power sector in H1 FY19 against 25 MnT in H1 FY18. Monthly supplies of 4.2 MnT in Sep’18, was 6.9% higher than the the total recorded in the year-ago month.
CIL E-Auctions Results in H1 FY19:
Spot Auctions: Coal allocation in Spot e-auctions fell by 20% Y-o-Y to 17.69 MnT during the first half period of FY19 (H1 FY19) compared with 22.14 MnT in H1 FY18.
Allocation of 2.58 MnT coal in Sep’18 was 17% higher on the month from 2.21 MnT in Aug’18, but was still 15% lower on the year from 3.05 MnT in Sep’17.
Special E-auction for Power Producers: Allocation in Special forward e-auction for power producers was down 4% Y-o-Y to 20.38 MnT in H1 FY19 compared with 21.33 MnT in H1 FY18.
Allocation of 3.17 MnT in Sep’18 was the highest in the past 4-months.
Exclusive E-Auction for Non-Power sector: Total coal allocation in e-auction specially earmarked for non-power sector increased 10% Y-o-Y to 7.3 MnT in H1 FY19 compared with 6.65 MnT in H1 FY18, although no allocations were reported in Sep’18.
Special Spot E-Auction: Allocation in special spot auction increased 43% Y-o-Y to 0.5 MnT in H1 FY19, where the entire quantity in the half yearly period was allotted in the month of Sep’18.
Coal allocation in this scheme of auction was seen for the first time since Jan’18.
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