Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessCompanies

Power sector sees 6% fall in coal supply from CIL

The supply of coal to the power sector by state-owned CIL saw a fall of 6 per cent at 33.7 million tonnes last month, even as the government claimed in October that the demand for fossil fuel has started picking up.

December 29, 2016 / 04:20 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

The supply of coal to the power sector by state-owned CIL saw a fall of 6 percent at 33.7 million tonnes last month, even as the government claimed in October that the demand for fossil fuel has started picking up.

The dispatch of dry fuel by Coal India Ltd (CIL) to the power sector in November last year stood at 35.9 million tonnes (MT), according to government data said.

The supply of coal by CIL in April-November period of the ongoing fiscal also dropped by 4 percent to 250.7 MT, over 261.4 MT in the corresponding quarter last fiscal.

The supply of coal by Singareni Collieries Company (SCCL) during the April-November period was almost flat at 31.3 MT against 31.1 MT in the year-ago period.

SCCL is a government coal mining company jointly owned by Telangana and the Centre on a 51:49 equity basis.

The government, in October, had said that there were no plans to cut down coal production as the demand had already picked up.

In October, the demand started picking up for both coal and power sectors, it had said.

CIL, which accounts for over 80 percent of the domestic coal production, is eyeing 598 MT production in 2016-17. CIL has a target to produce 1 billion tonnes of fossil fuel by 2020.

first published: Dec 29, 2016 04:10 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347