Coal India's Q2 offtake up 14 per cent at 134 MT

Coal India Ltd (CIL) today said its dry fuel offtake to consumers rose by 13.6 per cent to 131.58 million tonnes (MT) in the July-September quarter of 2017-18.
"Coal India Limited (CIL) zoomed into high orbit growth, during the quarter ending September 2017...clocking growths of 13.6 per cent in overall coal off-take; 13.6 per cent in coal supplies to power utilities; 8.3 per cent in coal production; 7 per cent in average rake loading/day and 9 per cent in coal supply to NTPC and its JVs," CIL said in a statement.
Overall coal off-take to consumers at 131.58 MT during July-September 2017 was up by 15.71 MT in absolute terms compared to 115.87 MT during the same quarter last fiscal, it said.

Coal supplies to thermal power stations increased by 12.53 MT during the second quarter of current fiscal compared to the same quarter last year.
During July-September 2017, CIL supplied 104.34 MT of coal to the power stations against 91.81 MT on a like-to-like quarter last year, registering a growth of 13.6 per cent.
"As the country reeled under energy crunch, in August 2017, with growth in hydro, nuclear and others sources plunging down by 12 per cent, 36 per cent and 7 per cent respectively, the demand for electricity from thermal power plants went up substantially, necessitating higher coal requirement. Under coordination and close monitoring from Ministry of Coal,CIL stepped in with alacrity increasing coal supply to power sector," the statement said.

During the months of August and September coal supplies to power plants, by CIL, grew by 20 per cent and 21 per cent respectively compared to same months last year, it said adding the trend was sustained in October 2017 as well with 18 per cent growth.

The company said coal production has also risen up sharply during the second quarter of the present financial year with CIL as whole producing 113.04 MT of coal registering a healthy growth of 8.3 per cent on a quarter-on-quarter comparison.
Coal production during the same quarter last year has been 104.37 MT.
Also, it said that average wagon loading tweaked up to a growth of 7 per cent during July-September 2017. During current year's Q2, CIL's average loading of rakes per day went up to 208.8 against 195.2 rakes per day on a same quarter comparison of last year.