India's coal production recorded a 12.73% year-on-year growth in the month as of October 21, the ministry of coal said in a statement.

Coal output from Coal India Ltd (CIL) increased 11.80% from a year ago, while SCCL showed a production growth of 8.45% compared to the same period last year. Captive and commercial mines registered a notable growth of 20.50%.

As of October 21, the country held a total 71.35 million tonnes of coal inventory, including coal at the mine pithead, in transit, and at coal-fired power plants. The figure is 18.05% higher than the 60.44 million tonnes during the same period in 2022.

Following an extended period of heavy rainfall in early October in coal-producing states, there has been a significant increase in coal production over the past 10 days. The combined daily coal production from all sources during this period exceeded 2.66 million tonnes.

Coal stocks at thermal power plants witnessed a reversal in the past week, with daily supply now surpassing average daily consumption, resulting in coal stock buildups.

Historically, the first half of the year experiences a decline in coal production and transportation due to summer and monsoon seasons, leading to a depletion of stock at the mine pithead and thermal power plants.

Nevertheless, the second half of the year typically sees an improvement in production conditions after the monsoon, resulting in an accumulation of coal stocks at power plants and mine pitheads as supply surpasses consumption.

The ministry of coal reaffirmed its commitment to ensuring an ample coal supply and underpinned its close coordination with the ministries of railways and power.

Looking ahead, the ministry aims to have a closing stock of 40 million tonnes at thermal power plants and over 75 million tonnes at the open-pit mine end by March 31, 2024.

(Writing by Riley Liang  Editing by Emma Yang)
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