The Business Bytes
KOLKATA, JULY 1, 2024 (TBB BUREAU): Coal India Limited (CIL) announced a robust 8 per cent increase in coal production, achieving 189.3 million tonnes in the first quarter of the current fiscal year, surpassing its target of 189.2 million tonnes. This growth marks a significant rise of 13.8 million tonnes compared to the same quarter in FY’24, driven by positive performance across all seven producing subsidiaries, according to a statement released on Monday.
During April-June 2024, CIL’s total supplies also saw a 6% uptick to 198.4 million tonnes, supported by increased deliveries to both power and non-power sectors. Coal loading operations demonstrated healthy growth, averaging 367.2 rakes per day, reflecting a 10.3 per cent year-on-year increase.
The heightened production and loading activities led to a substantial rise in coal inventory at CIL’s pitheads, reaching 81.5 million tonnes, ensuring ample reserves to meet any sudden surge in demand, the statement noted.
Amidst rising national power demands, CIL amplified its supplies to coal-fired plants by 4 per cent, delivering 160 million tonnes in Q1 FY’25, a year-on-year rise of 6 million tonnes. In the corresponding period of FY 2024, CIL supplied 154 million tonnes to thermal power plants.
Moreover, CIL achieved a record high in supplying the non-power sector, delivering 38.4 million tonnes in Q1 FY’25, marking a notable 16% growth compared to 33 million tonnes in April-June 2023. Notably, June 2024 alone saw a 23 per cent increase, with deliveries totalling 13.4 million tonnes.
