4.15 (0.99%) Coal India’s (CIL) supplies to power sector peaked to a historic high of 493 million tonnes (MTs) on March 03, 2022 of the ongoing fiscal breaching the previous high of 491.5 MTs that the Maharatna coal miner recorded in FY19. CIL could achieve the feat with 28 days still to go before the fiscal’s end. During April 2021- February 2022 CIL supplied 90 MTs more coal to power sector than it did during the corresponding period last year.
CIL’s coal dispatch was 488 MTs to this major coal consuming sector ending February FY22. This represents a sizeable growth of around 23% compared to 398 MTs of same period FY21. Continuing in the same vein, at 48.4 MTs in February 2022, CIL posted a robust 22% growth in supplies to power sector. This was a jump of 8.6 MTs compared to 39.8 MTs of February 21.
The current coal stock of 43 MT at CIL’s pitheads is expected to increase further by FY22 end. This would help the company gear up to meet the coal demand of summer which is on the advent.
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.