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Coal companies go slow on spending, 52% of targeted expenditure met

Combined target for spending was Rs 1,757.91 cr

Jayajit Dash  |  Bhubaneswar 

coal, mine
A miner at a coal mine (Photo: Shutterstock)

The expenditures of three state-run coal companies - Coal India Ltd (CIL), Singareni Collieries Company Ltd (SCCL), and NLC Ltd (formerly Neyveli Lignite Corporation) - have fallen short of their targets by 48 per cent till May this year.

At the end of May, the combined target for spending was Rs 1,757.91 crore, of which only Rs 917.69 crore has been spent by the three coal companies.

The data given by the show that the plan outlay for CIL, SCCL, and NLC for this fiscal year has been pegged at Rs 19,048.12 crore. NLC has the biggest outlay, which is Rs 8,948.12 crore, followed by (Rs 8,500 crore) and (Rs 1,600 crore).

On coal production, both and fell short of their assigned targets in the April-May period. produced 79.2 million tonnes (mt) by the end of May against its target of 91.7 mt. fared better though its production at 9.5 mt in the same period was less than the targeted 10.5 mt.

Coal despatches by both and showed improvement over the previous fiscal year. CIL's coal despatch in April-May stood at 91.7 mt, growing at 4 per cent year-on-year (y-o-y).

SCCL's coal despatch moved up 11.1 per cent in the period under review from 9.5 mt to 10.6 mt

Coal supplies by to the power sector moved up 10.8 per cent y-o-y whereas witnessed a reduction of 1.7 per cent. 

At the end of May, the power sector's dues to were Rs 11,915.74 crore. Of those, the undisputed arrears amount to Rs 10,498.98 crore.

On production parameters, NLC too lagged its performance targets. In May, it managed to notch up lignite production of 8.81 mt only compared to its target of 11.55 mt. Power generation at 1,689.36 million units (MU) was also 17.65 per cent short of the mandated 2,051.50 MU in May.

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Coal companies go slow on spending, 52% of targeted expenditure met

Combined target for spending was Rs 1,757.91 cr

Three state run coal companies- Coal India Ltd (CIL), Singareni Collieries Company Ltd (SCCL) and NLC Ltd (formerly Neyveli Lignite Corporation) have spent only 52 per cent of their targeted expenditure till May this year. At the end of May, the combined target for spending is Rs 1757.91 crore of which only Rs 917.69 crore has been spent by the three coal PSUs.Data by the Ministry of Coal shows the total Plan outlay for CIL, SCCL and NLC for this fiscal is pegged at Rs 19048.12 crore. NLC has the biggest outlay of Rs 8948.12 crore followed by CIL (Rs 8500 crore) and SCCL (Rs 1600 crore). On coal production, both CIL and SCCL fell short of their assigned targets in the April-May period. CIL produced 79. 2 million tonnes (Mt) of coal by May end against its target of 91.7 mt. SCCL fared better though its production at 9.5 mt in the same period was less than the targeted 10.5 mt.Overall coal despatches by both CIL and SCCL showed improvement over the previous fiscal. CIL's coal despatch .
The expenditures of three state-run coal companies - Coal India Ltd (CIL), Singareni Collieries Company Ltd (SCCL), and NLC Ltd (formerly Neyveli Lignite Corporation) - have fallen short of their targets by 48 per cent till May this year.

At the end of May, the combined target for spending was Rs 1,757.91 crore, of which only Rs 917.69 crore has been spent by the three coal companies.

The data given by the show that the plan outlay for CIL, SCCL, and NLC for this fiscal year has been pegged at Rs 19,048.12 crore. NLC has the biggest outlay, which is Rs 8,948.12 crore, followed by (Rs 8,500 crore) and (Rs 1,600 crore).

On coal production, both and fell short of their assigned targets in the April-May period. produced 79.2 million tonnes (mt) by the end of May against its target of 91.7 mt. fared better though its production at 9.5 mt in the same period was less than the targeted 10.5 mt.

Coal despatches by both and showed improvement over the previous fiscal year. CIL's coal despatch in April-May stood at 91.7 mt, growing at 4 per cent year-on-year (y-o-y).

SCCL's coal despatch moved up 11.1 per cent in the period under review from 9.5 mt to 10.6 mt

Coal supplies by to the power sector moved up 10.8 per cent y-o-y whereas witnessed a reduction of 1.7 per cent. 

At the end of May, the power sector's dues to were Rs 11,915.74 crore. Of those, the undisputed arrears amount to Rs 10,498.98 crore.

On production parameters, NLC too lagged its performance targets. In May, it managed to notch up lignite production of 8.81 mt only compared to its target of 11.55 mt. Power generation at 1,689.36 million units (MU) was also 17.65 per cent short of the mandated 2,051.50 MU in May.

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Business Standard
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Coal companies go slow on spending, 52% of targeted expenditure met

Combined target for spending was Rs 1,757.91 cr

The expenditures of three state-run coal companies - Coal India Ltd (CIL), Singareni Collieries Company Ltd (SCCL), and NLC Ltd (formerly Neyveli Lignite Corporation) - have fallen short of their targets by 48 per cent till May this year.

At the end of May, the combined target for spending was Rs 1,757.91 crore, of which only Rs 917.69 crore has been spent by the three coal companies.

The data given by the show that the plan outlay for CIL, SCCL, and NLC for this fiscal year has been pegged at Rs 19,048.12 crore. NLC has the biggest outlay, which is Rs 8,948.12 crore, followed by (Rs 8,500 crore) and (Rs 1,600 crore).

On coal production, both and fell short of their assigned targets in the April-May period. produced 79.2 million tonnes (mt) by the end of May against its target of 91.7 mt. fared better though its production at 9.5 mt in the same period was less than the targeted 10.5 mt.

Coal despatches by both and showed improvement over the previous fiscal year. CIL's coal despatch in April-May stood at 91.7 mt, growing at 4 per cent year-on-year (y-o-y).

SCCL's coal despatch moved up 11.1 per cent in the period under review from 9.5 mt to 10.6 mt

Coal supplies by to the power sector moved up 10.8 per cent y-o-y whereas witnessed a reduction of 1.7 per cent. 

At the end of May, the power sector's dues to were Rs 11,915.74 crore. Of those, the undisputed arrears amount to Rs 10,498.98 crore.

On production parameters, NLC too lagged its performance targets. In May, it managed to notch up lignite production of 8.81 mt only compared to its target of 11.55 mt. Power generation at 1,689.36 million units (MU) was also 17.65 per cent short of the mandated 2,051.50 MU in May.

graph

image
Business Standard
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