Coal news and updates

Coal India’s vendible coal stocks decline to 32.35 mt

India Coal Market Watch

November 19: Coal India Ltd (CIL) has achieved a significant reduction in its vendible coal stocks to 32.352 million tons (mt) as of November 15, 2015, from 53.469 mt reported on April 1, 2015, according to data available with ICMW.

The current stocks (November 15), however, was slightly higher than 31.426 mt recorded on November 15 last year, the data shows.

Among the CIL subsidiaries, the highest stock was reported by South Eastern Coalfields Ltd (7.439 mt), followed by Mahanadi Coalfields Ltd (7.117 mt) and Central Coalfields Ltd (5.645 mt).

The drop in vendible stock this year is primarily attributed to increased off-take by CIL subsidiaries.

Overall, CIL has achieved a 9.8% (or 28.45 mt) growth in off-take till November 15, 2015. The average number of rakes supply has increased this year and stands at 218 as of November 15, shows the data.