Coal India Ltd.

BSE: 533278 | NSE: COALINDIA
Large Cap | Mining & Minerals
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Coal India’s supply of coal to power producers rises by 23% in October

Date: 02-11-2021

Coal India’s (CIL) supply of coal to power producers registered a 23 percent y-o-y jump to 48.2 million tonnes (MT) in October, in view of concentrated efforts to consolidate dwindling stock of the dry fuel at electricity-generating utilities of the country. In comparison, despatch to coal-fired power plants during October 2020 had stood at 39.2 MT.

The development assumes significance in view of the country's power plants grappling with fuel shortages. The coal major also logged a strong 42 per cent growth as compared to the pre-pandemic October 2019 when despatch was at around 34 MT. The immediate need was to not only meet the daily coal requirement of power plants but also shore up coal stocks at their end.

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.