Coal news and updates

India’s May pithead vendible coal stocks decline 14.54% y-o-y

June 30: India’s pithead vendible coal stocks fell 14.54% to 46.08 million tons (mt) as on the last day of May, 2014 from 53.92 mt recorded in the last day of May 2013, according to provisional data available with ICMW.

On month-on-month basis, India’s pithead vendible coal stocks fell by 12.61% from 52.73 mt as on the last day of April 2014.

As on the last day of March 2014, India’s pithead vendible coal stocks stood at 56.04 mt, down from 63.05 mt as on March 31, 2014.

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

The stock 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 stock among all subsidiaries of CIL was witnessed in Northern Coalfields Ltd (NCL) where stock fell to 4.60 mt from a high of 7.26 mt as on May 31, 2013.

There was decline in pithead vendible coal stock at captive coal mines to 1.81 mt from 1.98 mt, but the stock 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 May 31, 2014, April 30, 2014, March 31, 2014 and May 31, 2013 (in million tons):