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Thursday 9 July 2020

Coal India registers 10.7% growth in Q3

New Delhi: Coal India Limited (CIL) posted 10.7% growth in its coal supplies during the quarter ending December 2015 of the fiscal 2015-16. CIL as a whole supplied 137.90 million tonnes of coal to its customers in the period October-December 2015 — up by 13.33 million tonnes, compared to 124.57 million tonnes during the same quarter of the last fiscal.

CIL continued its high-orbit growth in coal supplies for the 9-month period of April-December 2015 also registering 9.8% growth on a year-on-year comparison. The total coal supplied to its customers was 389.27 million tonnes in April-December 2015 against 354.66 million tonnes during the same period last year, the increase in volume terms being 34.61 million tonnes.

The company in the recent times has stepped up its coordination with Indian Railways in a bid to get more rakes and this appears to have paid off in terms of increased supplies. CIL has been able to maintain growth trajectory in its supplies despite slowdown in the demand for the fuel from coal-fired power utilities which account for around 77% of its overall coal supplies.

Production

The company clocked 9.4% growth in production during Q3 of the current fiscal, October-December 2015, on a quarter-on-quarter comparison. The third quarter of the fiscal witnessed coal production of 143.97 million tonnes against 131.64 million tonnes, with the production increase in volume terms at 12.33 million tonnes.

CIL held steady its production tempo for the 9 months of the period April-December 2015, also registering a growth of 9.1%. Coal production in April-December 2015 was 373.51 million tonnes against 342.38 million tonnes on a year-on-year comparison with a 31.13 million tonnes increase in absolute terms.

CIL’s strategy of mine wise monitoring, pressing for faster environment clearances, coordination between Centre and State authorities working in unison in removing hurdles helped maintain its production growth throughout the year.

Coal supplies to power utilities

Coal-fired power utilities of the country received 108.2 million tonnes of coal during October-December 2015 against 103.58 million tonnes during same quarter last year. The quarter-on-quarter growth has been 4.5% with 4.62 million tonne absolute increase.

Growth in the coal supplies to power utilities surged ahead to 6.8% for the period April-December 2015. CIL moved 299.15 million tonnes of coal to the power plants during the nine month period ending December 2015, compared to 280.22 million tonnes on a like-to-like comparison. In absolute terms the increase has been a healthy 18.93 million tonnes.

Power utilities of the country are flush with coal as coal stocks at their end as of 31 December 2015 at 31.05 million tonnes was more than double compared to same period previous year. The stock amounted to average of 24 days with no power utility at critical or supercritical condition. Compared to this, as of 31 December 2014, coal stock at power utilities was 13.97 Million Tonnes equivalent to 9 days with 42 utilities in critical condition and 19 utilities reeling under super-critical condition.

Wagon loading

During the third quarter of the fiscal, CIL’s average loading of rakes per day grew by 9.2%. On an average 220.2 rakes were loaded per day in October-December 2015 against 201.6 rakes a day on quarter-on-quarter comparison. On an average, CIL managed to load 18.6 rakes more per day during the quarter.

The transfer of coal through rail mode saw a remarkable growth of 10.1% during April-December 2015 as 207.4 rakes per day were loaded on an average during this period against an average of 188.4 rakes/day compared to same period last year. The increase in average loading per day has been 19 rakes.

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