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Coal India achieves 17 per cent production growth in April

Coal India achieves 17 per cent production growth in April Kolkata: State-run miner Coal India Ltd (CIL) increased supplies to power sector by 14 per cent on the back of a 17 per cent rise in production and a 13 per cent growth in sales during April 2018.

According to data released by the company, all its coal producing subsidiaries have recorded production and sales growth during the month.

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The public sector coal major produced 44.84 million tonnes of coal during the month – a 6.40 million tonnes rise in comparison to the previous corresponding period. It sold nearly 51 million tonnes of the dry fuel, thus registering a near 6 million tonnes growth against 45.14 million tonnes in the previous period.

CIL supplied 40.30 million tonnes of coal to the power sector during the month against 35.20 million tonnes on a comparative month to month basis. It managed a 5.1 million tonnes rise.

Increased supplies to the power sector helped the sector increase its inventory from a little over 7 million tonnes six months ago, to 16 million tonnes on April 30, 2018.

“The constant synergistic efforts between Coal India and railways to improve transport logistics led to a situation where average rake loading per day increased significantly by 23 during April 2018,” said a senior CIL executive.

Railway rake loading per day during April 2018 grew 10.4 per cent as the company loaded 246 rakes daily on an average as compared to 223 rakes per day during April 2017.

The company managed to bring down pithead stocks by 6.13 million tonnes in April 2018. CIL began the current fiscal (2018-19) with a pithead stock of 55.67 million tonnes which stood at 49.54 million tonnes at the closure of the month. “The adequately stocked pit-head coal provides cushion in meeting demand from multi-sectoral consuming segments,” said the executive.

This story has not been edited by coalpost and is auto-generated from a syndicated feed of ET https://energy.economictimes.indiatimes.com/news/coal/coal-india-achieves-17-per-cent-production-growth-in-april-/64002945?utm_source=RSS&utm_medium=ETRSS

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