State-owned Coal India Ltd (CIL) on Monday announced that it has recorded coal production of 189.3 million tonnes (MTs) in the first quarter ending June FY2025, posting a growth of 7.9 per cent in comparison to 175.5 posted during the same period last year. This was 13.8 MTs more in volume terms compared to the corresponding quarter of FY 2024.
Moving past the target of 189.2 MTs, CIL achieved 100 percent satisfaction in Q1 of the current fiscal year. While all the seven producing arms of CIL achieved positive growth, five of them have breached their respective targets, it said in a regulatory filing.
Meanwhile, coal offtake during the period stood at 197 MTs, up 5.5 per cent as against 186.8 MTs reported during the same period last year. The total offtake in the month of June stood at 64.1 MTs, reporting an increase of 5.4 per cent on-year from 60.8 MTs during the same month of previous year.
CIL’s output for the month of June 2024 rose to 63.1 MTs, growing by around 8.9 per cent over last year’s June when it produced 58 MTs. The month’s output increase in volume terms was a strong 5 MTs.
On the back of a strong production growth and increased coal loading, CIL’s total supplies shot up to 198.4 MTs during April-June 2024 with 6 per cent 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 per cent to 160 MTs during Q1 FY2025, 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 came in at 38.4 MTs during the referred period, which was an all-time high for Q1 of any year to date. This sector was supplied with 33 MTs in April-June 2023. The growth for the month of June 2024 alone was 23 per cent at 13.4 MTs, CIL said.
On an 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 FY2024 marking, up 6 per cent. One rake corresponds to approximately 4,000 tons of coal.
From: financialexpress
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