In spite of concerns over a jump in coal demand, Coal India Limited (CIL) is hopeful about providing 156 million tonnes of coal to the power sector during the Aprilu2013June 23 quarter.
CIL, which produces more than 80% of the domestic coal, is a principal dry fuel supplier to the energy-producing units.
Source:- The Indian Express
The robust 68 MT coal stock build-up anticipated at CIL’s pitheads by the end of the current fiscal year, which as of Monday was 57.3 MT, is a positive factor.
Additionally, the Maharatna corporation will sustain its production speed while scaling it up to an unprecedented 700 MT output, which it expects to reach by the end of FY23.
Source: Think School
Even after shipping the anticipated coal to electric utilities in the first quarter of FY24, CIL is expected to have a healthy 50 MT of coal stock at its pitheads by the end of June 23, according to a statement from a senior company official.
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