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Published 16:49 IST, July 1st 2024

CIL's Q1 production up 8% to 189.3 million tonne in FY25

CIL's supplies to the non-power sector reached an all-time high of 38.4 million tonnes in Q1FY25.

Reported by: Business Desk
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Coal India
Coal India | Image: Unsplash

Surplus coal production: State-owned Coal India Limited (CIL) has achieved an 8 per cent growth in coal production, which has helped it to reach 189.3 million tonnes in the first quarter of the current fiscal (Q1FY25). The has helped CIL surpass its target of 189.2 million tonnes, it said in a statement on Monday.

The  production of CIL has increased by 13.8 million tonnes compared to the corresponding quarter of FY24, with all seven producing subsidiaries registering positive growth, it said. CIL's supplies also rose by 6 per cent to 198.4 million tonnes during April-June 2024, with a significant increase in supplies to both power and non-power sectors, it added.

As far as company's coal loading is concerned, it witnessed healthy growth, with an average of 367.2 rakes per day, a 10.3 per cent year-on-year increase, it said. A higher production and loading resulted in substantial increase in coal inventory at CIL's pitheads, reaching 81.5 million tonnes, providing a sufficient buffer to meet any sudden surge in demand, it said.

A point in time, when country's power demand is surging, the miner ramped up its supplies to coal-fired plants, registering a 4 per cent growth to 160 million tonnes in Q1 FY'25, a year-on-year (YoY) increase of 6 million tonnes.

In the same period of FY 2024, CIL's off-take to thermal power plants stood at 154 million tonnes, the company said. Besides, CIL's supplies to the non-power sector reached an all-time high of 38.4 million tonnes in Q1FY25, logging a 16 per cent growth. This sector had received 33 million tonnes in April-June 2023. The growth in June 2024 alone was 23 per cent at 13.4 million tonnes, the statement said. 

(With PTI inputs) 

Updated 16:49 IST, July 1st 2024