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 per cent and 31.7 per cent 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 being 31.6per cent. Among CIL’s subsidiaries the top three leading the growth trend were Mahanadi Coalfields Limited (MCL) with 68.5 per cent followed by Central Coalfields Limited (CCL) 47.4per cent and Western Coalfields Limited (WCL) 43.7per cent.
“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 per cent. MCL again registered the highest growth among the subsidiaries with 63 per cent followed by WCL 60.2per cent and CCL 31.5 per cent.
Supplies to non-power sector logged a growth of 65 per cent in September’20 at 10.04 MTs compared to 6.08 MTs in September’ 19. Coal despatch of 36.42 MTs to Power Sector during the month witnessed a growth of 24.7per cent compared to 29.20 MTs as of September’19, the increase in absolute terms being 7.2 MTs.
CIL on an average loaded a total of 241.2 rakes per day in September’20 against 162.2 rakes same month last year recording an increase of 79rakes per day with a growth of around 49per cent. Loading to 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 Power sector bagged a growth of nearly 43per cent at 210 rakes per day against 147 rakes for the comparable period.
“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 10.6per cent. CIL supplied 134.4 MTs of coal during current year’s Q2 compared to 122.4 MTs same quarter last year registering a growth close to 10per cent.
Supplies to coal fired power utilities during current year’s Q2 at 103.2 MTs also logged a growth of around 3per cent. CIL supplied 100.29 MTs during same quarter last fiscal.
Overall average loading during current year’s Q2 at 224.6 rakes per day registered a growth of 23.6per cent compared to 181.7 rakes loaded in the same quarter last year. Loading to power sector at 189.7 rakes/day in Q2 clocked a growth of 16per cent over last year’s Q2.