Coal India has sufficient buffer stock for non-power sector: Govt

State-owned on Saturday said it is currently supplying around 3.4 lakh tonnes of coal per day to non-power sector which is the company’s average supply to this segment and stressed that it has sufficient buffer stock to increase supply to the sector.

The development assumes significance in the wake of reports of captive power plants in various sectors including steel and aluminium facing fuel shortages.

The non-power sector (NPS) imports around 170 million tonnes (MT) of coal in any given fiscal for blending with domestic coal. But in FY’22 the spiralling international coal prices proved to be a hindrance for importing requisite quantity, giving rise to scarcity of coal at their end.

Coal India’s “despatch to NPS during April-January FY’22 at 101.7 million tonnes was up by 8.2 per cent compared to 94 MTs in corresponding period of a standard pandemic free FY20. For comparable period of even FY19, when recorded the highest ever total coal despatch since its inception, supply to NPS sector grew by 11 percent over 91.5 MTs”, the mahratana firm said.

Growth in supplies to non-power sector customers was at a higher rate than the supplies to the power sector during this period.

In dispatch during the April-January period to NPS segment at 105 MT was higher by a little over 3 MT compared to same period of FY’22. The reasons for increased despatch during the Covid ravaged year were several.

As power sector regulated coal intake for major part of FY’21, due to demand disruption caused by Covid, scaled up supplies to NPS segment. Further, NPS customers also opted to lift higher volumes of coal as CIL’s e-auction sales were capped at notified price for the first half of FY’21.

See also  PM Modi, Japan counterpart hold talks on global and regional issues

With more than 37 million tonnes of coal at its pitheads, the PSU aims to further step up supplies to this sector.

“CIL has sufficient buffer stock to increase supply to non-power sector. Coal availability is not a problem, the company said.

CIL said FY’22 has witnessed an unprecedented surge in power generation, the growth rate being the highest in a decade, necessitating the need to meet the power sector’s coal demand on a national priority.

Riding on robust economic recovery, total coal-based power generation till January of the fiscal in progress grew by 11.2 per cent on year-on-year comparison. Whereas domestic coal-based generation was up by 17 per cent during this period. Bulk of the coal supply to power sector was met by CIL on priority.

In a sharp contrast, power generation by 14 imported coal-based power plants was down by 48 per cent during April-January 2021-22. Meeting the resultant generation gap fell on domestic coal-based generators requiring enhanced indigenous coal supply. CIL supplied to the tune of around 20 MT of this additional demand. In other words, imports were curtailed to that extent.

Despite prioritisation of coal to the power sector and facing other challenges, CIL at 101.7 MT till January FY’22 supplied 97 per cent of same period last year’s quantity to NPS customers.

Coal India accounts for over 80 per cent of domestic coal production.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

See also  Covid curbs extended till Feb 28 as positivity rate still above 10%: MHA

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Source link

© 2022, Admin. All rights reserved.

  1. Slot Online
  2. rtp yang tepat
  3. Slot Gacor
  4. Situs Judi Slot Online Gacor
  5. Situs Judi Slot Online
  6. Situs Slot Gacor 2023 Terpercaya
  7. SLOT88
  8. Situs Judi Slot Online Gampang Menang
  9. Judi Slot Online Jackpot Terbesar
  10. Slot Gacor 88
  11. rtp Slot Terpercaya
  12. vilaslot gacor
  13. Situs Judi Slot Online Terbaru 2023
  14. Situs Judi Slot Online Terpercaya 2023 Mudah Menang
  15. Daftar Situs Judi Slot Online Gacor Terbaik
  16. Slot Deposit Pulsa Tanpa Potongan
  17. Situs Judi Slot Online Resmi
  18. Slot dana gacor
  19. Situs Slot Gacor 2023
  20. rtp slot yang tepat
  21. slot dana
  22. harum4d slot
slot gacor shopeepay deposit shopeepay online
  • rtp
  • slot
  • slot gacor
  • slot online
  • slot88
  • rtp slot
  • slot deposit dana
  • jackpot maxwin x500
  • bocoran slot
  • game slot
  • rtp slot sweet bonanza
  • slot kakek
  • rtp slot hari ini
  • rtp live slot
  • Situs RTP Live
  • rtp slot pragmatic
  • info rtp gacor hari ini
  • info rtp live hari ini
  • link rtp live
  • slot gacor
  • slot88
  • link slot gacor
  • situs slot gacor
  • gacor slot
  • Slot gacor 2023
  • Slot gacor resmi
  • deposit gacor
  • slot gacor gacor
  • agen slot gacor
  • slot dana
  • slot deposit dana
  • link slot dana
  • main slot dana
  • slot deposit via dana 10 ribu
  • slot via dana
  • slot deposit via dana 5000
  • daftar slot dana
  • bapautoto
  • slot
  • slot online
  • slot gacor
  • rtp slot
  • link game slot
  • rtp slot
  • slot online
  • rtp live
  • rtp slot gacor
  • slot gacor
  • rtp live update
  • link rtp slot
  • slot deposit dana slot dana 5000 slot deposit dana 5000 slot dana slot deposit dana tanpa potongan slot deposit via dana slot deposit dana slot deposit via dana slot dana slot deposit dana tanpa potongan slot dana 5000 slot dana 5rb slot dana 5rb slot gacor slot online situs slot terbaik slot88 link slot gacor slot slot gacor hari ini togel togel online togel hk bandar togel prediksi togel