Coal supply to power sector by Coal India dips 6.8% in Apr-Jan period
Coal supply to the power sector by Coal India registered a decline of 6.8 percent to settle at 377.86 MT in the April-January period
February 21, 2020
Coal supply to the power sector by Coal India registered a decline of 6.8 percent to settle at 377.86 million tonnes (MT) in the April-January period of financial year 2019-20. The figure was at 405.61 MT in the corresponding period of the previous financial year.
Coal supply by Coal India in Jan went up
In January, however, coal supply by Coal India to the power sector recorded an increase of 2.9 percent to 43.20 MT as opposed to 42 MT in the corresponding month of the previous financial year.
The supply of the fossil fuel by Singareni Collieries Company Limited (SCCL), a public sector undertaking, in the April-January period also saw a decline of 2.6 percent to 44.03 MT, over 45.22 MT in the year-ago period.
Did extended monsoon impact coal output?
A government official and Coal India had said that an extended monsoon was responsible for the loss of coal output for a few months (from July) in the current financial year. Coal India saw its output decline by 3.9 percent to 451.52 MT in April-January period, over 469.65 MT in the year-ago period. The state-run coal miner had earlier said that it will produce 750 MT of coal in the next financial year.
PSU Watch had reported that Coal Minister Pralhad Joshi
had set a target of 1 billion coal production by FY2023-24. Coal India has been given a target of producing 660 MT of coal, amounting to 82 percent of the country’s coal output. The minister had said that with the demand for power rising, there was enough opportunity for both public and private sector to produce coal without adversely impacting each other.