Coal India’s (CIL) on Friday said its supplies to power sector peaked to record high of 493 million tonnes (MTs) on March 3 of the ongoing fiscal breaching the previous high of 491.5 MTs that the coal miner recorded in FY19.
CIL achieved the feat with 28 days still to go before the fiscal’s end, an official statement said.
During April’21- February’22 CIL supplied 90 MTs more coal to power sector than it did during the corresponding period last year. CIL’s coal despatch was 488 MTs to power sector ending February FY’22, a growth of around 23% compared to 398 MTs of same period FY’21.
The major challenge for CIL during the year was adjusting to the unpredictability of the coal demand. The coal-based power generation witnessed a muted growth in previous two fiscals. Then it had risen sharply to 11.2% till January’22 compared to the same period a fiscal ago..
At 48.4 MTs in February’22, CIL posted 22% growth in supplies to power sector. The company aims to close the fiscal with 548 MT off-take to power sector as projected by the Central Electricity Authority.
The current coal stock of 43 MT at CIL’s pitheads is expected to increase further by FYY22 end. This would help the company gear up to meet the coal demand of summer which is on the advent, it said.