Coal news and updates

India’s Jun pithead vendible coal stocks drop 16.33% y-o-y

July 31: India’s pithead vendible coal stocks dropped 16.33% to 42.22 million tons (mt) as on the last day of June, 2014 against 50.46 mt recorded on the last day of June 2013, according to provisional data available with ICMW.

On a month-on-month basis, India’s pithead vendible coal stocks fell by 8.37% from the 46.08 mt recorded as on the last day of May 2014.

India’s pithead vendible coal stocks on the last day of April, 2014 stood at 52.73 mt.

The same was at 56.04 mt as on the last day of March 2014, down from 63.05 mt as on March 31, 2013.

The steady decline in coal stocks could be attributed to a significant fall in pithead vendible stocks of Coal India Ltd (CIL) subsidiaries like Eastern Coalfields Ltd (ECL), where stocks fell to 1.57 mt as on May 31, 2014 from 2.69 mt as on May 31, 2013.

The stocks at Bharat Coking Coal Ltd (BCCL) fell to 3.36 mt from 4.83 mt while that of Central Coalfields Ltd (CCL) fell to 7.04 mt from 9.50 mt. The steepest declines in pithead vendible coal stocks among all subsidiaries of CIL was witnessed in Northern Coalfields Ltd (NCL) where these fell to 4.60 mt from a high of 7.26 mt as on May 31, 2013.

There was a decline in pithead vendible coal stocks at captive coal mines to 1.81 mt from 1.98 mt, but the stocks at Singareni Collieries Company Ltd (SCCL) rose to 3.08 mt from 1.92 mt.

The following table gives detailed break-up of pithead vendible coal stocks with coal companies as of June 31, 2014, May 31, 2014, April 30, 2014, March 31, 2014 and June 31, 2013 (in million tons):