CIL produced 46.8 MT coal last month, registering a growth of 18.4%. Coal India had produced 39.5 MT of coal in the corresponding month of the previous fiscal. Posting an increase of 7.4 MT. For the first time this fiscal, CIL posted a positive growth of 0.9% 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.” said an official.
The decline in off-take growth for the year was arrested by more than half to 3.5% in October from that of 7.6% in the previous month. CIL hopes to neutralise the negative growth and start on the path of recovery by November.
Indicating demand revival for the dry fuel, CIL posted a strong 25% 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.
As the country’s core sector output contraction narrowed sharply to 0.8% in September 2020, growth in the coal sector was 21.2%, the highest among all the eight core sector industries, compared to the same month last year. Besides coal, only two other core sectors clocked positive growth during September. CIL accounts for over 80% of the domestic coal output.
