4.90 (1.14%) Coal India’s (CIL) overall coal offtake rose by 32.7 percent to 160.4 million tonnes (MT) in the first quarter of this ongoing fiscal (Q1FY22), even as coal demand from the power sector is vacillating. The company's overall offtake was at 120.8 MT in the corresponding quarter of the previous fiscal. The company’s April-June 2021 offtake was also close to 7 MT higher than 153.5 MT of pre-Covid quarter April-June 2019 clocking 4.5 per cent growth.
The company supplied 126.3 MT of coal to power sector during current financial year's first quarter, a jump 34 per cent compared to 94 MT of similar quarter last financial year. The maharatna coal miner also posted a 5.6 per cent growth compared to relative Covid-free first quarter of 2019.
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.