Mining major Coal India Ltd is committed to meet the elevated demand of the dry fuel from the power sector, including coastal plants dependent on imports, a company official said on Tuesday.
The miner had hoped the demand would ease by December last year, but that did not happen, he said.
We are committed to catering to the coal needs of the power sector, be it domestic or those dependent on imports, despite CIL being stretched, a senior company official told PTI when asked whether it was capable of plugging the gaps arising out of Indonesian supply disruptions.
We have already started supplying some amount of coal to the coastal plants to cut down on imports, he added.
Indonesia had banned coal exports since January 1 due to domestic shortages and the impasse still prevails. This has led to a surge in prices in the international market.
India imports 5-9 million tonnes of coal per month from Indonesia, officials said.
The world's largest miner is trying to keep up to the demand by dispatching over 1.75 million tonnes of coal per day to the power sector, they said.
India's power consumption grew by 4.5 per cent in December 2021 to 110.34 billion units (BU) over the same period a year ago, according to power ministry data.
In the first 16 days, Coal India's average daily production stood at 2.35 million tonnes. It is targeting 670 million tonnes of production in the 2021-22 fiscal. Till January 16, the total ouput was at 445 million tonnes.
(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.)
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
RECOMMENDED FOR YOU