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Coal India output has witnessed an over 15 per cent year-on-year growth for the first quarter ending June 2018, while the offtake (or sale) saw a near 12 per cent growth.
According to a release, the company produced 136.87 million tonnes (mt) during the April-June period, an 18.03-mt increase over the 118.84-mt produced during the same quarter last year.
On the offtake side, a higher rake loading saw a 16.01 mt increase to 153.43 mt for Q1 FY19.
Overall rake loading increased to 238.8 rakes per day during the Q1 FY19 against 218.9 rakes during the same quarter last fiscal.
Meanwhile, CIL has also improved supplies to power sector with a growth of 15.4 per cent during the first quarter of the fiscal at 122.84 mt.
The number of power stations having critical stock has come down from 30 at the beginning of the fiscal to 16 as of June 2018. Of the overall coal supplies of the company during Q1, supplies to the power sector accounted for 80 per cent and a request has been made to TPPs to perk up their coal stocks, the world’s largest miner said in a release.
The quarter also saw rake loading to the power sector increase by 15 per cent, on a YoY basis, to 217 rakes per day. Rake loading during the corresponding period last fiscal stood at 189.9 rakes per day.
The company liquidated 16.56 mt of pithead coal stock during the first three months of the current fiscal to step up supplies.
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