Coal India Ltd (CIL) said the supply of coal to the consuming sectors rose 9.2% to 154.6 million tonnes (MT) in the third quarter of the current financial year. The company had supplied 141.6 MT of dry fuel in the corresponding quarter of the previous financial year. During the quarter ended December 2020, CIL at 154.6 million tonne (MT) supplied 13 MT more coal to the consuming sectors, posting 9.2% growth compared with 141.6 MT of the third quarter of last fiscal.
Its total output stood at 156.8 MT in October-December 2020, a 6.3% jump as compared with 147.5 MT in the year-ago period. The quarter-on-quarter output increase was a whopping 41.8 MT, clocking a robust growth of 36.4%. CIL produced 115 MT of coal in the previous quarter. With the non-power sector consumers lifting increased quantities of coal during this year’s third quarter, CIL could record a robust 43.4% growth in supplies to this sector.
CIL supplied 36.62 MT to non-power consumers in the October-December 2020 period, compared with 25.53 MT a year ago. The demand for coal from the power sector is yet to crystallise fully. Despite the tepid demand, there was a nominal growth of 1.5% in supplies to power plants during the third quarter of 2020-21.
CIL’s offtake to the power sector was 117.8 MT in October-December 2020, against 116.07 MT in the year-ago period. The company’s over burden removal (OBR) clocked a healthy growth of 17.6% at 366.23 million cubic metres in the third quarter of 2020-21, clearing the way for easier future production. OBR was 311.52 million cubic metres for the comparable quarter last fiscal.
