Coal India Limited (CIL) produced 64.3 million tonnes (MTs) of coal in February, about 4% growth 61.9 MTs in corresponding month year ago.
Month-on-month, CIL’s average production increased to 2.3 MTs per day in February’22. Despite being three days lesser than January the production in February was at par with the previous month, a company statement said.
It said CIL’s all out efforts are focused on ending FY’22 in the realm of 630 MTs.
CIL’s production at 542.4 MTs during April-February was a historic high for this period. Coal output is higher by 27.3 MTs in absolute terms on a year-on-year comparison.
“The company expects to post the highest ever production by the closure of FY’22, going past the previous high of 607 MTs recorded in FY’19” said a senior executive of the company.
CIL’s off-take in February rose by 12% to 57.4 MTs against same month last year. At volume increase of 85.8 MTs over 514 MTs of same period last year CIL’s off-take growth during April-February is 16.7%.
CIL has been able to liquidate its stock to the tune of 56.7 MTs till February’22. Coal inventory at CIL’s pitheads was 42.5 MTs at February end which at the beginning of the fiscal was 99 MTs.