New Delhi: Scripting a new high Coal India Limited (CIL) recorded the highest ever growth in production and off-take, for any month of September so far, by clocking 31.6% and 31.7% respectively. For the first time in the current fiscal growth was in double digits in both the facets with all CIL’s subsidiaries turning out growth. Supplies to power and non-power sector consumers and rake loading also registered high-level growth.
Coal production at 40.51 MTs in September’20, surged ahead by a robust 9.73 MTs increase in absolute terms, compared to 30.78 MTs in September’19, the growth is 31.6%. Among CIL’s subsidiaries, the top three leading the growth trend were Mahanadi Coalfields Limited (MCL) with 68.5% followed by Central Coalfields Limited (CCL) 47.4% and Western Coalfields Limited (WCL) 43.7%.
“Now that we broke the growth jinx in output and off-take, which were weighed down by the pandemic induced slowdown, we expect to better our performance in the ensuing months. We aim to reclaim as much of the lost ground as possible during the rest of the fiscal” said a senior official of the company, adding “generally the H2 performance is higher in terms of production and supplies”.
CIL’s coal off-take saw a sizeable jump of 11.2 MTs during the referred month. CIL supplied 46.46 MTs in September’20 against 35.28 MTs same month last year logging a growth of 31.7%. MCL again registered the highest growth among the subsidiaries with 63% followed by WCL 60.2% and CCL 31.5%.
Supplies to non-power and power sector
Supplies to non-power sector logged a growth of 65% in September’20 at 10.04 MTs compared to 6.08 MTs in September’ 19. Coal despatch of 36.42 MTs to the Power Sector during the month witnessed a growth of 24.7% compared to 29.20 MTs as of September’19, the increase in absolute terms being 7.2 MTs.
CIL on average loaded a total of 241.2 rakes per day in September’20 against 162.2 rakes the same month last year recording an increase of 79rakes per day with a growth of around 49%. Loading to the non-power sector doubled to 31.2 rakes per day during the month compared to 15.4 rakes of last year’s September. Loading to the Power sector bagged a growth of nearly 43% at 210 rakes per day against 147 rakes for the comparable period.
Positive growth in Q2
“Despite COVID-related challenges and inclement monsoon our production increased by 11 MTs and off-take by 12 MTs during the second quarter of the present fiscal” said the stated official.
CIL produced 115 MTs of coal for the July-September’20 period against 104 MTs same quarter last year logging a growth of 10.6%. CIL supplied 134.4 MTs of coal during the current year’s Q2 compared to 122.4 MTs the same quarter last year registering a growth close to 10%.
Supplies to coal-fired power utilities during the current year’s Q2 at 103.2 MTs also logged a growth of around 3%. CIL supplied 100.29 MTs during the same quarter last fiscal. Overall average loading during the current year’s Q2 at 224.6 rakes per day registered a growth of 23.6% compared to 181.7 rakes loaded in the same quarter last year. Loading to the power sector at 189.7 rakes/day in Q2 clocked a growth of 16% over last year’s Q2.