Coal India Ltd.

BSE: 533278 | NSE: COALINDIA
Large Cap | Mining & Minerals
418.55
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Coal India’s supplies to power sector scale up 14% amid rising demand

Date: 19-04-2022

Amid the spiraling power generation, Coal India (CIL) has raised its supplies to thermal power stations by 14.2% during the first half of April 2022 compared to same period last April. CIL’s supplies have hit 1.64 million tonnes (MTs) per day during this period against 1.43 MTs of similar period April 2021.

The company had accelerated its production to 26.4 MTs during the first half of April 2022 registering 27 percent year-on-year growth. The company is heading for its highest April production ever. Output expansion in volume terms was 5.7 MTs. However, the escalating power demand driven up by the post pandemic economic buoyancy and hotter than normal summer seem to dwarf the upsurge in supplies.

To tide over the intense demand, CIL has made available additional 8.75 MTs of coal to State and Central Gencos for lifting through rail-cum-road mode, till 31 May. Of this, 3.25 MT is the unlifted quantity of the earlier round of RCR offer and 5.5 MTs is the new offer.

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.