Coal India Ltd (CIL) in a release said that its coal supplies to the power sector during the April-August period of FY23, exceeded the target set.
Coal supplies to the power sector stood at 243.3 million tonnes, exceeding the target of 225.4 million tonnes set for the period, by 8 per cent.
CIL also breached the total off-take target of 276 million tonnes by 2 per cent, for the April-August period of FY23. Total supplies during the period stood at 283 million tonnes.
CIL’s supplies of 243.3 MTs to power sector during April-August 2022, at 243.3 million tonnes, were 18.6 per cent higher than the comparable level of 205.2 million tonnes in the same period last year.
At 283 million tonnes, total coal supplies by CIL during the April-August period of FY23 were 9.1 per cent higher than the 259.4 million tonnes supplied in the same period of FY22.
Coal stocks
As of August 29, 2022, coal stocks at power plants (including imported coal) were close to 30 million tonnes, substantially higher than 12.8 million tonnes as of end-August 2021.
Improved supplies from CIL helped the stock stabilizing at power plants. Closing stock for the month of August 2022 is a six year high barring 2020 when pandemic fuelled slowdown saw the stock at 37.7 million tonnes, CIL said.
With a coal stock of 31 million tonnes at CIL’s pitheads, around 30 million tonnes stock at power plants, and a little over 10 million tonnes at CIL’s sidings, goods sheds, private washeries, ports, captive plants there is sufficient availability of coal in the system, the Central PSU said.
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Production
Producing 253.3 million tonnes of coal during the April-August period of FY23, CIL logged a double-digit year-on-year growth of 21 per cent. This is a strong 44.1 million increase in absolute terms against 209.2 million tonnes of last year’s same period. This growth was achieved despite increased downpour across all the areas of Western Coalfields Ltd and Mahanadi Coalfields Ltd.
