Coal India’s production grows 8% to 189.3 MTs in Q1FY25
Moving past the target of 189.2 MTs CIL achieved 100 percent satisfaction in Q1 of the current fiscal year.
In the first quarter ending June FY 2025, Coal India Limited (CIL) increased its coal production to 189.3 million tonnes (MTs), surpassing the progressive target. This marked a growth of nearly 8% compared to the corresponding quarter of FY 2024, with a volume increase of 13.8 MTs. Production during the same period in the last fiscal year was 175.5 MTs.
In the first quarter of the current fiscal year, CIL surpassed its target of 189.2 MTs, achieving 100% satisfaction. In June 2024, CIL's output increased to 63 MTs, a growth of about 9% compared to June of the previous year when it produced 58 MTs. The month's output saw a substantial increase of 5 MTs in volume terms.
Read Also : Jackson Green Signs 400 MW Solar Power Pact with NHPCOn the back of strong production growth and increased coal loading, CIL’s total supplies shot up to 198.4 MTs during April-June 2024 with 6% year-on-year growth. The increase of 11.4 MTs in absolute numbers came over a high base of 187 MTs.
At a time when the power demand in the country is spiking up, CIL’s supplies to the coal-fired plants grew by 4% to 160 MTs during Q1 FY 2025, with a year-on-year jump of 6 MTs. CIL’s off-take to thermal power plants was 154 MTs in the same period of FY 2024. CIL’s supplies to the non-power sector at 38.4 MTs logging a 16% growth, during the referred period, were an all-time high for Q1 of any year to date. This sector was supplied 33 MTs in April-June 2023, as per the company said.
Read Also : Paytm Introduces Affordable Healthcare and Income Protection for Merchants with Health Saathi Plan
The growth for June 2024 alone was 23% at 13.4 MTs. On average CIL loaded 325.7 rakes per day to the power sector during the first three months of the current financial year.
This was 19 rakes more per day compared to 306.7 rakes that CIL loaded in the first quarter of FY 2024 marking a growth of 6%. This includes loading from CIL’s sidings, private washeries, and goods sheds. One rake corresponds to approximately 4,000 tons of coal, the company added a release.
Read Also : ISRO’s Aditya-L1 Completes First Halo Orbit around Sun-Earth L1 Point in 178 DaysNews Must Read
- NTPC Vidyut Vyapar Nigam Ltd Achieves 43% YoY Growth, Trading 11.5 Billion Units in Q1 FY25
- Vivek Chandrakant Tongaonkar appointed as ONGC’s New Director (Finance) and CFO
- IREDA's Impressive Q1 FY25 Performance
- NTPC achieves 17.15% surge in Coal Despatch and 15% Growth in Coal Production in Q1 FY25
- NTPC achieves 113.87 BU generation in Q1 FY25
- CONCOR and ITE Japan sign MoU for green cold chain logistics solution
- NTPC Hiring for Associate Position: Last Date of Applying Today
- REC Limited Board Approves Two Projects
- BEL receives orders worth Rs.3,172 Crores
- BPCL and UPSRTC Sign MoU to Install Water Coolers at UPSRTC Bus Stands across UP