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India's coal production has recorded a substantial 12.81% increase during the first seven months of the current fiscal (April-October), compared to the same period in the previous year, according to the Ministry of Coal.
Coal India Limited (CIL), the largest coal group in the country, witnessed an 11.90% growth, while Singareni Collieries Company Limited (SCCL) registered a notable increase of 7.82%. Captive and commercial mines demonstrated a surge of 20.94%.
The overall coal supply expanded 11.70%, with the supply to the power sector up 7.87%, the ministry's data showed.
The Ministry of Coal attributed this significant boost in coal production to its proactive steps in enhancing coal production efficiency for companies with improved railway evacuation logistics.
Despite facing challenges posed by heavy rainfall in early October, coal production gained significant momentum in the latter half of the month. The ministry reported that during the last 15 days alone, production from all sources surpassed an impressive2.64 million tonnes per day.
As of October 28, 2023, the total coal stock at mines operated by CIL, SCCL, and captive mines, including coal in transit, stood at 53.23 million tonnes. This marks a substantial increase of 42.32% compared to the 37.40 million tonnes a year earlier.
The same period also saw a noticeable decline in imported coal used for blending, with a consumption of 13.5 million tonnes, compared to 20.8 million tonnes during the same period in the previous year –a substantial decrease of 35%.
The Ministry of Coal noted there is a notable shift in the trend of coal stocks at thermal power plants. Previously, there was a trend of depletion, but over the last 10 days, a consistent accretion trend has been observed. This indicates that coal supply at thermal power plants is now surpassing consumption, ensuring a more stable power supply.
(Writing by Alex Guo Editing by Emma Yang)
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