Coal India's production up by 13.4 per cent in July 2023, supplies to NPS grew by 59 per cent
01 Aug 2023
The company continues to pump higher volumes of coal to the non-power
sector (NPS), which at 11.7 MTs in July 2023 grew by a robust 59 per cent.
Published: 01st
August 2023 01:04 PM | Last Updated: 01st August 2023 01:04 PM | A+A A-
The company produced 47.3 MTs of coal in July 2022. Coal India said it
is very well on target to achieve annual production as it has produced 229.1
MTs until July 23.
It is up by 10.7 per cent compared to the 207 MTs produced
from April to July 2022. CIL’s chase of 780 MTs production in FY 2024 began
with an asking growth rate of 10.9 per cent over the 703 MTs that the
company produced in FY 2023.
The miner’s total supplies peaked at 58.3 MTs on July 23 posting a
strong 7.2 per cent growth over 54.4 MTs on July 22. Its total
supplies during April-July 2023 to all-consuming sectors were up to 244.5 MTs
clocking 5.7 per cent growth over a high base of 231.2 MTs of the
same period last fiscal.
Supplies on a year-on-year basis have witnessed 13.3 MTs expansion
during the first four months of the financial year in reference. The company
continues to pump higher volumes of coal to the non-power sector (NPS), which
at 11.7 MTs in July 2023 grew by a robust 59 per cent.
It supplied 7.4 MTs to the non-power sector in July 2022. Supplies to
NPS in April-July 23 grew by a strong 40 per cent to 45.2 MTs
compared to 32.2 MTs in the same period last year. The company said with
supplies to the power sector stabilized and no pressure of criticality at
plants the company could meet the demand of the NPS sector.
CIL supplied 201.5 MTs to the coal-fired plants of the country till July
2023 with a comparative growth of 1per cent. Providing a comfortable buffer to
domestic coal-based plants, coal stocks at their end stood at 33 MTs as of July
end.
The coal inventory at CIL’s end is 53 MTs. All-time high removal of
overburden gives CIL a leg up for future production, which at 641 Million Cubic
Metres, has achieved 111 per cent target satisfaction with
29.3 per cent year-on-year growth