Tuesday, July 5, 2022

CIL’s coal supplies under e-auction log 31% growth during Apr-Dec’21

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  • Special forward e-auction, the exclusive window meant for power sector, accounted for nearly 28 MT of the total despatched quantity
  • Coal supplied under other e-auction outlets, where predominantly non-regulated sector customers access coal, accounted for 49.5 MT

 
New Delhi: Coal India Ltd’s (CIL) actual coal despatch under the five e-auction windows at 77.4 million tonnes (MT) has risen by 31 percent during April-December period compared to 59 MT in the corresponding period of the previous year. Special forward e-auction, the exclusive window meant for power sector, accounted for nearly 28 MT of the total despatched quantity. Coal supplied under other e-auction outlets, where predominantly non-regulated sector customers access coal, accounted for 49.5 MT, said Coal India in an official statement on Wednesday. 

In other e-auction outlets, CIL logged a growth of 21 percent compared to 41 MT of coal auctioned in the same period last year and a two-fold increase over 24.4 MT recorded in the same period in 2019.  

CIL coal supplies to power sector at all-time high of 391 MT

The volume increase in supplies under e-auction was achieved even though CIL pumped an all-time high of almost 391 MT of coal to thermal power plants during the April-December period, clocking 23.3 percent growth. The increase in absolute terms is 74 MT. In comparison, despatch to power sector was 317 MT for the same period last year. 

CIL’s total off-take scaled up to 482 MT during the first nine months of the fiscal, registering a year-on-year growth of 18 percent. The increase in absolute terms was 72 MT compared to 410 MT in April-December 2020.   

 
CIL has booked a total of 83.7 MT of coal under its five e-auction categories during April-December period — a 2.3 MT increase over 81.4 MT of the corresponding period last fiscal.

CIL set to breach its records in FY22

During the fourth quarter of the current fiscal even if CIL books the same quantity of coal in e-auctions that it did during same quarter previous fiscal, which was 42.6 MT, the company would still sail past the record high e-auction allocation of 124 MT achieved in 2020-21, said CIL.  
 
The premium over notified price in e-auctions increased almost four-fold to 58 percent during April-December period compared to 15 percent of the same period last year.
 
Even after supplying record volume of coal to power sector, the despatch to non-power sector during April-December period stood at 91.1 MT which is almost at par with 92.2 MT of the same period last year. Compared to April-December 2019, the growth in supplies to non-regulated sector consumers is 11.5 percent.

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