Coal stocks at domestic coal based power plants have surged to 32 mts ending December FY 2024, about 5.6% more on comparative basis of last year…

Even as Coal India’s (CIL’s) supplies to the country’s power sector exceeded the projected commitment, the company supplied an all-time high volume of 98 million tonnes (mts) to Non-Regulated Sector (NRS) consumers till December FY 2024. This converts to a whopping 23 mt increase with 31% growth over 75 mts of same period last fiscal.

With increased production and maximized supplies through all modes of despatch, CIL’s offtake to power plants of the country rose to 454 mts during April-December FY 2024. This is 8 mts higher than the committed quantity of 446 mts of the period. Compared to 433 mts of April-December previous year the increase is 21 mts with around 5% growth.

With all the CIL’s producing arms posting positive growth, the public sector coal miner produced 532 mts of coal at the end of the nine month period FY 2024 logging 11% year-on-year growth. Production in volume terms rose sharply by 53 mts over 479 mts of April-December FY 2023. On progressive basis, CIL has sustained the double digit growth since July 2023.

With the appetite for coal remaining firm CIL’s total off-take rose to 552 mts with a healthy growth of 8.7% till ending December FY 2024. This reflects 44 mts higher supply compared to 508 mts of last year’s similar period. Five of CIL’s subsidiaries have checked in double digit growth.

Coal stock at CIL’s pitheads at around 50 mts as of December FY 2024 end was 56% higher than the inventory of 32 mts of same period last year providing a comfortable buffer against any sudden demand surge.

State-owned Coal India Limited (CIL)  is the single largest coal producer in the world and one of the largest corporate employers with manpower of 2,39,210 (as on 1st April, 2023).

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