Coal news and updates

MAHAGENCO’s FY16 coal imports meet 33% of target

Maharashtra State Power Generation Company Ltd (MAHAGENCO) imported a quantity of 128,000 tons of steam coal in March 2016 against 96,000 tons in February 2016, showing an increase of 33.33% month-on-month, as per provisional data available with ICMW.

The materialisation in March 2016 was, however, a mere 38% of the target of 333,000 tons set for the month.

MAHAGENCO’S coal imports in the entire financial year of 2015-16 stood at 1,310,000 tons, down 43% from 2,316,000 tons imported in the previous fiscal (2014-15).

Imports of the fuel during this fiscal were only 33% of the revised target of 4,000,000 tons (4 mt) set by CEA for the period. The utility’s coal import target for 2015-16 has been revised down to 4 mt for 2015-16 from the initially fixed target of 5.20 mt.

The following chart provides the monthly break-up of coal imports by MAHAGENCO in 2015-16, 2014-15 and 2013-14 (provisional and in ‘000 tons):