Coal India's actual coal despatch under the five e-auction windows at 77.4 million tonnes (MTs) jumped ahead by 31% during April-December 2021 compared to 59 MTs corresponding period year ago.
Special forward e-auction, the exclusive window meant for power sector, accounted for nearly 28 MTs of the total despatched quantity.
Coal supplied under other e-auction outlets, where predominantly non-regulated sector customers access coal, accounted for 49.5 MTs. Under this category CIL logged a growth of 21% compared to 41 MTs of same period last year and a two-fold increase over 24.4 MTs of comparable period 2019.
The volume increase in supplies under e-auction was achieved even though CIL pumped an all-time high of almost 391 MTs of coal to thermal power plants during April- December'21 clocking 23.3% growth. The increase in absolute terms is 74 MTs.
In comparison, despatch to power sector was 317 MTs for same period last year.
CIL,s total off-take scaled up to 482 MTs during the first nine months of the fiscal in progress registering a year-on-year growth of 18%. The increase in absolute terms was 72 MTs compared to 410 MTs in April-December'20.
CIL has booked a total of 83.7 MTs of coal under its five e-auction categories during April-December'21 - a 2.3 MTs increase over 81.4 MTs of corresponding period last fiscal.
During the fourth quarter of the current fiscal even if CIL books the same quantity of coal in e-auctions that it did during same quarter previous fiscal, which was 42.6 MTs,the company would still sail past the record high e-auction allocation of 124 MTs achieved in 2020-21.
The premium over notified price in e-auctions increased almost four-fold to 58% during April-December'21 compared to 15% of same period last year.
Even after supplying record volume of coal to power sector, the despatch to non-power sector during April-December'21 stood at 91.1 MTs which is almost at par with 92.2 MTs of same period last year. Compared to April-December'19 the growth in supplies to non-regulated sector consumers is 11.5%.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and 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