Coal production and sales at CIL show signs of revival in May
Thursday, June 4th, 2020
Coal IndiaNSE -1.59 %’s (CILNSE 0.00 %) production and sales showed signs of improvement by registering 2.6% and 2.3% growth respectively in May against April. Growth in top soil removal during the period rose 10.4%.
CIL produced 41.43 million tonnes (MT) of coal in May against 40.38 MT in April, the increase in volume terms being 1.05 MT, a growth of 2.6%.
compared to 39.06 MT in April. Coal sales have expanded by 0.9 MT in quantity terms in May,” a CIL statement said.
Growth in off-take to non-power sector improved 37.3% during May compared to April. CIL’s supplies to non-power consumers during May was 9.76 MTs against 7.11 MT in April, the increase being 2.65 MT.
Growth in top soil removal in May was 21% higher than in April at 124.59 million cubic meters (MCuM), compared to year ago month, as CIL laid aside an additional quantity of 21.52 MCuM extraneous matter during the period. Subsidiaries, Mahanadi Coalfields and and Bharat Coking Coal with growths of little over 55% and 29% respectively topped the list during the period.
“This bodes well for the state owned coal mining behemoth as over burden removal is an important performance parameter that removes top soil and lays bare the coal seams for future mining in opencast mines.
“This is a positive sign and secures options for our future coal output at short notice, once demands picks up” said a company executive. “All our coal producing subsidiaries have posted growth in over burden removal during May compared to same month last year”.https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/coal-production-and-sales-at-cil-shows-signs-of-revival-in-may/articleshow/76170989.cms