Coal news and updates

India’s February coal despatches down 6.08% m-o-m

India’s coal despatches in the month of February 2016 stood at 54.36 million tons (mt), down 6.08% from 57.88 mt despatched in January 2016, according to provisional data available with ICMW.

Inability of power plants to take delivery of coal in view of higher stocks already lying with them appear to be the main reason for the almost flat growth in despatches on a month-on-month basis.

The despatches in February this year were 9.25% lower than the target of 59.90 mt set for the month, the data showed.

On a year-on-year basis, the despatches in February 2016 were higher by 3.95% as compared to 52.29 mt recorded in the same month of 2015.

Coal despatches in the first 11 months (April-February) of the current fiscal (2015-16) stood at 574.01 mt, down nearly 9.46% from the target of 574.18 mt, but up 5.04% from 546.42 mt recorded in the same period of the previous fiscal.

Of the total coal despatched during April-February of 2015-16, as much as 482.79 mt was despatched by CIL, which was 9.34% higher compared to 441.53 mt recorded in the same period of previous fiscal.

The following chart provides monthly coal despatch volumes in FY16, FY15 and FY14, (in million tons):

*Figure may not match due to revision in figures of previous months of 2015-16 (and also rounding off), the details of which is not available with ICMW.