Coal news and updates

MAHAGENCO’s January coal imports at 33% of target

Maharashtra State Power Generation Company Ltd (MAHAGENCO) imported a quantity of 109,000 tons of coal in January 2016 against 102,000 tons in December 2015, showing a growth of 6.86% month-on-month, as per provisional data available with ICMW.

The materialisation in January 2016 was, however, 32.73% of the target of 333,000 tons set for the month.

There had been delay in finalisation of tender by the utility and as such its imports got delayed, industry sources said.

In the first 10 months (April-January) of 2015-16, MAHAGENCO’S coal imports stood at 984,000 tons, down 50.70% from 1,996,000 tons imported in the same period of the previous fiscal (2014-15).

Imports of the fuel during this period (first 10 months) were only 29.52% of the revised target of 3.33 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):