CIL increases coal supply by 5.57% to thermal power stations
COAL & MINING

CIL increases coal supply by 5.57% to thermal power stations

Coal India Limited (CIL) increased 5.57% to Rs 199.95 after the company raised the supplies to thermal power stations by 14.2% during the first half (H1) of April 2022, during the same period last year.

CIL's supplies have hit 1.64 million tonnes (mt) per day against 1.43 mt supplied in a similar period during April 2021.

The company increased its production to 26.4 mt during the first half of April 2022, registering 27% year-on-year (YoY) growth. CIL is heading towards its highest April production ever. The output expansion in volume terms was 5.7 mt.

CIL has made available an additional 8.75 mt of coal to the state and Central generation companies (Gencos) for lifting through rail-cum-road (RCR) till 31 May. From this, 3.25 mt is the unlifted quantity of the earlier RCR, and 5.5 mt is the new round of RCR.

The country's total power generation was 9.5% higher, at an average of 4.53 billion units, till 15 April over the same period last year. The increase was 400 million units per day against the average generation of 4.13 billion units for the same period.

CIL is coordinating with the ministries of coal, power, and railways to stock up at power plants in a synergic effort. The company's supplies are increasing. The pressure will ease if the imported coal-based power plants meet their requisite imports this year.

CIL is a coal mining firm engaged in producing and sale of coal. As of 31 December last year, the central government held a 66.13% stake, while Life Insurance Corporation (LIC) of India held an 11.01% stake in CIL.

Based on consolidation, the public sector undertaking (PSU) coal major's net profit rose by 47.7% to Rs 4,556.54 crore on a 19.7% increase in net sales to Rs 25,990.97 crore in the third quarter (Q3) of FY22 over Q3 FY21.

Image Source

Coal India Limited (CIL) increased 5.57% to Rs 199.95 after the company raised the supplies to thermal power stations by 14.2% during the first half (H1) of April 2022, during the same period last year. CIL's supplies have hit 1.64 million tonnes (mt) per day against 1.43 mt supplied in a similar period during April 2021. The company increased its production to 26.4 mt during the first half of April 2022, registering 27% year-on-year (YoY) growth. CIL is heading towards its highest April production ever. The output expansion in volume terms was 5.7 mt. CIL has made available an additional 8.75 mt of coal to the state and Central generation companies (Gencos) for lifting through rail-cum-road (RCR) till 31 May. From this, 3.25 mt is the unlifted quantity of the earlier RCR, and 5.5 mt is the new round of RCR. The country's total power generation was 9.5% higher, at an average of 4.53 billion units, till 15 April over the same period last year. The increase was 400 million units per day against the average generation of 4.13 billion units for the same period. CIL is coordinating with the ministries of coal, power, and railways to stock up at power plants in a synergic effort. The company's supplies are increasing. The pressure will ease if the imported coal-based power plants meet their requisite imports this year. CIL is a coal mining firm engaged in producing and sale of coal. As of 31 December last year, the central government held a 66.13% stake, while Life Insurance Corporation (LIC) of India held an 11.01% stake in CIL. Based on consolidation, the public sector undertaking (PSU) coal major's net profit rose by 47.7% to Rs 4,556.54 crore on a 19.7% increase in net sales to Rs 25,990.97 crore in the third quarter (Q3) of FY22 over Q3 FY21. Image Source

Next Story
Real Estate

Rethinking Slum Development

In July 2024, the Supreme Court directed the Bombay High Court to initiate suo motu proceedings to evaluate the implementation of the Maharashtra Slum Area (Improvement, Clearance and Redevelopment) Act.During the ensuing proceedings, the Division Bench of Justices expressed concern about the plight of slum dwellers, saying, “Merely because you are a slum dweller doesn’t mean that you are left to the discretion of developers. They end up with a pittance.” The Bench also noted that the buildings allocated to slum dwellers were akin to “vertical slums”. “The buildings are congested. ..

Next Story
Real Estate

Ring in the New!

Lighting:OLED (organic light emitting diode) panels such as those by Philips are the latest option in soft lighting fixtures that can be embedded into walls, ceilings or furniture, says Nilesh Sawant, Principal Architect, Nilesh Sawant Architect. “Being thin and flexible, they lend themselves well to different applications while delivering the energy-efficiency associated with LED technology.”And Sapna Aggarwal, Founder, ANSA Architecture & Interiors, says “Embedded light-emitting diodes can create a dreamy illumination, while dimmable LEDs are useful for allowing..

Next Story
Infrastructure Urban

Jhansi Library

The Jhansi Library, commissioned by the Jhansi Development Authority (JDA) under the Jhansi Smart City initiative and built by Bootes Impex, a net-zero construction-tech company. It is the first library in Asia to achieve EDGE (Excellence in Design for Greater Efficiencies) certification from the International Finance Corporation (IFC), a member of the World Bank Group. This milestone marks the library as India’s first and only net-zero library, aligning  with India’s Net-Zero Vision 2070.Sustainable designDeepak Rai, Managing Director, Bootes Impex, explains, “The project's vision ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000