Petroleum (pet) coke sales of major Indian oil companies rose sharply by 28% y-o-y to 8.2 million tonnes (mnt) in Apr’21-Feb’22, CoalMint data reveals. Sales by Indian Oil Corp. Ltd. (IOCL) were the highest at 2.7 mnt, up 10% y-o-y.
All grades of pet coke, including non-calcined fuel grade pet coke of high sulphur and anode grade pet coke of low sulphur as well as calcined pet coke (CPC) are included.
*Quantity in mn t
(Source: Oil companies’ data)
In Feb, domestic sale of all grades of pet coke recorded a sharp rise of 31% m-o-m and a whopping 50% rise on a y-o-y basis. It also crossed the pre-Covid levels for the first time rising by 15% since Feb’20.
Calcined pet coke sales by Numaligarh Refinery Limited (NRL) also rose by 19% y-o-y to 6,200 t in Feb. However, on a cumulative basis for the Apr’21-Feb’22 period, its CPC sales declined by 13% y-o-y to 0.05 mnt. Generally, the refinery uses raw petroleum coke of around 75-80% to produce CPC, while the rest is sold to calciners.
HPCL-Mittal Energy Limited (HMEL), on the other hand, recorded the highest growth of 432% y-o-y due to the low base of Feb’21 amid its maintenance shutdown.
This was followed by RIL recording a sales growth of 68% y-o-y amid lower usage of pet coke in its gasification units which facilitated higher domestic sales.
Nayara Energy recorded a 36% y-o-y decline in sales during the period under review.
Percentage share of oil companies in Apr’21-Feb’22
*Quantity in mnt
It was that in between Apr’21 and Feb’22, the highest market share in domestic sales of pet coke was retained by IOCL at 33% followed by Nayara Energy at 24%.
RIL’s share stood at 10%. Despite being the country’s largest pet coke producer, a sharp rise in its sales was capped last year as it released very little quantity in the market due to maximum consumption at its own gasification units.
The maximum negative growth was registered in case of IOCL with a 5% y-o-y drop amid reduced operations last year.
State-wise sales
Rajasthan continued to be the leader amongst all the states, with its domestic sales rising 62% y-o-y to 1.8 mnt during Apr’21-Feb’22. This was mainly due to the concentration of various cement plants in the state owned by companies such as UltraTech, ACC, Ambuja Cement, etc., which are major consumers of pet coke, sourcing primarily from domestic producers.
After Rajasthan came Gujarat which witnessed sales rising by 26% y-o-y to 1.1 mn t, CoalMint data reveals.
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