Coal Production attains 12.81% Growth, Overall Coal Stock Touches 53.23 MT
Ministry of Coal has taken proactive steps to increase coal production in those coal companies where there is comparatively better evacuation logistics of Railways
New Delhi: Coal production in the country, during the current FY (till 28.10.23) has shown a growth of 12.81% compared to the same period last year. The percentage of growth of CIL is 11.90%, 7.82% in SCCL and captive & commercial mines is 20.94%. Overall supply has shown a growth of 11.70% and supply to the Power Sector has registered a growth of 7.87% compared to the same period last year.
Ministry of Coal has taken proactive steps to increase coal production in those coal companies where there is comparatively better evacuation logistics of Railways (including the commissioned Dedicated Freight Corridors), like ECL, BCCL, CCL& WCL which have registered a growth of 18.70%, 17.60%,13.90% and 18.00% respectively.
Read Also : Saatvik Solar Secures Rs.302 Crore Contract to Supply Solar PV Modules to MAHAGENCOAfter unprecedented rainfall during early October in coal producing States, production of coal has picked up momentum during last 15 days. Total production from all sources during the last 15 days only is over 26.40 lakh tonnes per day.
Besides, as on 28.10.2023, total coal stock at the mine end of CIL, SCCL, captive mines and coal supply in transit is 53.23 MT as against 37.40 MT during the corresponding period of last year which is 42.32% higher.
During this period the imported coal consumed for blending was 13.5 MT as against 20.8 MT during corresponding period of last year showing a decrease of 35% in imported coal consumed for blending purposes.
Read Also : GIC Re’s ratings upgraded to “A-” (Excellent) by AM BestThe trend of coal stocks at the thermal power plant end, which was showing a depletion earlier, is now, during the last 10 days, registering an accretion trend indicating that the supply/receipt of coal at the end of the Thermal Power Plants is more than the consumption. Overall, there is an increase in the stock at Thermal Power End (including Central Gencos, State Gencos, etc).
Generally, coal production and transportation are lower in H1 since the first half of the year is predominantly summer followed by monsoon. After monsoon, production and transportation conditions are favourable and in H2 coal supply is higher than the consumption. Therefore, during the second half of the year, there is a build-up in the coal stock at power plants and at mines pithead.
Ministry of Coal is committed to ensure adequate availability of Coal and is in close coordination with the Ministry of Railways & Power.
Read Also : MSDE in collaboration with Meta to launch two initiativesNews Must Read
- RBI approves Partha Pratim Sengupta as MD and CEO of Bandhan Bank
- Hindustan Aeronautics gets status of 14th 'Maharatna' PSU
- EIL and GAIL achieve major milestone
- Mahanadi Coalfields Places 289 Youths in Industry
- Power Grid Corporation secures Major Rajasthan Transmission System Project
- Mazagon Dock bags Rs 121.7-crore order in Maharashtra for AI-based projects
- Indian Navy signs MoU with Bajaj Alliance Life Insurance for providing insurance products
- Indian Railways to install Kavach 4.0 system in 10,000 Locomotives
- IREDA Board approves new unit for retail businesses like PM Kusum
- UPPCL Secures Approval for 500 MW Solar Power Procurement