Coal India (CIL) is eyeing to supply 156 million tonnes (MTs) of coal to power sector during April-June 2023 quarter amid concerns over spike in coal demand. This would be 25.6% of the enhanced annual dispatch target of 610 MTs slated for this sector in 2023-24. Factors in favour of the company are a strong 68 MTs coal stock build up expected at its pitheads by 2022-23 end, which as of March 13, 2023 was 57.3 MTs. Also, the company would be scaling up its production into a higher orbit maintaining the pace on the back of an unprecedented 700 MTs output, which it is on course to achieve by FY23 end.
The state owned coal mining behemoth is confident of meeting the enhanced 610 MTs coal supply target to power sector in 2023-24. The target is 20 MTs more than the initially projected 590 MTs requirement by power sector. Of the total 821 MT domestic coal demand projected for the power sector in 2023-24, the company's target alone accounts for nearly three-quarters at 610 MTs. By the end of the ongoing fiscal year it is estimated that there would be at least 115 MTs of domestic coal available to the power plants, with 68 MTs at CIL’s pitheads and 32 MTs at plants’ end. Coal lying at private washeries, goods sheds, ports and captive mines account for around 12 MTs. Rakes on run, that is coal in transit, normally make up 3 MTs of coal. Compared to last year’s 92.7 MTs, from the same sources, coal availability in the system would be 22.3 MTs more.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
| Company Name | CMP |
|---|---|
| Coal India | 383.95 |
| NMDC | 66.40 |
| GMDC | 320.00 |
| MOIL | 337.90 |
| Sandur Manganese | 416.90 |
| View more.. | |
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