Coal India's power sector supply increased by 15.6% to 49.7 MT in April
03 May 2022
2 Min Read
CW Team
Coal India Limited (CIL), a state-owned company, announced that coal supply to the power sector increased by 15.6% to 49.7 million tonnes (MT) last month due to the high demand for dry fuel from power plants. The company plans to increase its dispatches, particularly to power plants, in the upcoming months.
The announcement comes as numerous sections of the country are experiencing power outages.
With increasing productivity, CIL expects to raise shipments even more in the coming months, specifically to power plants.
CIL produces more than 80% of the country's coal and is a significant provider of coal to the power industry.
The PSU's coal production increased by 27.6% to 53.5 MT last month, compared to 41.9 MT in April 2021.
CIL's subsidiaries have all shown a year-over-year (Y-o-Y) increase.
The Mahanadi Coalfields, the South Eastern Coalfields, the Northern Coalfields, and the Western Coalfields all increased output considerably in April.
In April 2022, coal output was the greatest ever for the month, so far, surpassing the previous mark of 45.3 MT achieved in April 2019.
In April, CIL's overall offtake increased by 6% to 57.5 MT, up from 54.2 MT in the same month the previous year. The offtake was 4 MT higher than the month's production.
Importantly, CIL saw a 16% increase in overburden reduction (OBR). During the month, the business dug 132.8 million cubic metres of OBR, a 16% increase. In April of this year, the same figure was 114.6 million cubic metres.
CIL previously said that the present power problem is mostly due to a dramatic fall in energy output from various fuel sources, rather than a lack of local coal.
A K Jain, Coal Secretary, told the media that low coal stocks at power plants have been attributed to several factors, including increased power demand due to the post-Covid-19 economic boom, the early arrival of summer, rising gas and imported coal prices, and a sharp drop in electricity generation by coastal thermal power plants.
Also read: CIL's prospects expect to rise amid increased power demand
Coal India Limited (CIL), a state-owned company, announced that coal supply to the power sector increased by 15.6% to 49.7 million tonnes (MT) last month due to the high demand for dry fuel from power plants. The company plans to increase its dispatches, particularly to power plants, in the upcoming months.
The announcement comes as numerous sections of the country are experiencing power outages.
With increasing productivity, CIL expects to raise shipments even more in the coming months, specifically to power plants.
CIL produces more than 80% of the country's coal and is a significant provider of coal to the power industry.
The PSU's coal production increased by 27.6% to 53.5 MT last month, compared to 41.9 MT in April 2021.
CIL's subsidiaries have all shown a year-over-year (Y-o-Y) increase.
The Mahanadi Coalfields, the South Eastern Coalfields, the Northern Coalfields, and the Western Coalfields all increased output considerably in April.
In April 2022, coal output was the greatest ever for the month, so far, surpassing the previous mark of 45.3 MT achieved in April 2019.
In April, CIL's overall offtake increased by 6% to 57.5 MT, up from 54.2 MT in the same month the previous year. The offtake was 4 MT higher than the month's production.
Importantly, CIL saw a 16% increase in overburden reduction (OBR). During the month, the business dug 132.8 million cubic metres of OBR, a 16% increase. In April of this year, the same figure was 114.6 million cubic metres.
CIL previously said that the present power problem is mostly due to a dramatic fall in energy output from various fuel sources, rather than a lack of local coal.
A K Jain, Coal Secretary, told the media that low coal stocks at power plants have been attributed to several factors, including increased power demand due to the post-Covid-19 economic boom, the early arrival of summer, rising gas and imported coal prices, and a sharp drop in electricity generation by coastal thermal power plants.
Image Source
Also read: CIL's prospects expect to rise amid increased power demand
Next Story
Dassault To Build Falcon Jets In India With Reliance
Reliance Infrastructure Ltd’s subsidiary, Reliance Aerostructure, has signed an agreement with France’s Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a “symbol of India’s technological and manufacturing strength�, adding that it aims..
Next Story
INDEA Lays Foundation for India’s First Auto Design School
The Indian School for Design of Automobiles (INDEA), the country’s first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India’s transition from a cost-driven to a quality-led a..
Next Story
Karnataka Launches Global Innovation Hub at Airport City
The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India’s innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..