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Coal India building up stockpiles to ensure sufficient supply to thermal power plants

21 Jul 2022 Evaluate

Coal India (CIL) is building up stockpiles at its railway sidings, washeries and ports to ensure sufficient supply to thermal power plants. CIL, which is one of the major suppliers of fossil fuel to the power sector, dispatched 152.49 MT of coal to the sector in the first quarter of FY23, registering a growth of 19 per cent over the year-ago period.

Thermal power plants faced acute coal shortages in April and May due to supply constraints and high prices of imported coal, which hit their power production.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.

Peers
Company Name CMP
Coal India 421.50
NMDC 75.00
Ashapura Minechem 489.95
Sandur Manganese 177.90
GMDC 487.80
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