You are here: Home » Companies » News
Business Standard

Coal India production rises by 18% to 47 million tonnes in October

State-owned CIL on Sunday said that it produced 46.8 million tonnes (MT) of coal last month, registering a growth of 18.4 per cent.

Coal India | Coal India Limited

Press Trust of India  |  New Delhi 

Coal India likely to auction 30 million tonnes of coal in Jan-Mar quarter

State-owned CIL on Sunday said that it produced 46.8 million tonnes (MT) of coal last month, registering a growth of 18.4 per cent.

had produced 39.5 MT of coal in the corresponding month of the previous fiscal, it said in a statement. The increase in absolute terms was 7.4 MT, it said.

With its production impeded by the COVID-19-induced slowdown during the first four months of the present fiscal, CIL started logging positive growth from August onward on monthly basis.

For the first time in this fiscal, CIL posted a positive growth of 0.9 per cent in cumulative production till October so far. Production during April-October was 282.9 MT which was 2.5 MT more than that during the same period last year.

"Though the progressive growth in output was nominal, importantly we could wipe off the negative trend and now look forward to consolidate the positive pattern for the rest of the fiscal," a senior official of the company said.

The decline in off-take growth for the year was arrested by more than half to 3.5 per cent in October from that of 7.6 per cent in the previous month.

By November, CIL hopes to neutralise the negative growth and start on the path of recovery.

Indicating demand revival for the dry fuel, CIL posted a strong 25 per cent rise in coal off-take for October at 50.5 MTs. This represents a volume increase of 10.1 MT compared to 40.4 MT that the company supplied in the same month a year ago.

All the subsidiary of CIL recorded growth in supplies.

As the country's core sector output contraction narrowed sharply to 0.8 per cent in September 2020, growth in the coal sector was 21.2 per cent , the highest among all the eight core sector industries, compared to the same month last year. CIL's contribution was sizeable in this, it said.

Besides coal, only two other core sectors clocked positive growth during September. CIL accounts for over 80 per cent of the domestic coal output.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, November 01 2020. 20:44 IST