Coal dispatch to power plants increased by over 27% in October
COAL & MINING

Coal dispatch to power plants increased by over 27% in October

Despite the price hike in import prices, the coal dispatch to the power sector has increased by 27.13% to 59.73 million tonnes (mt) in October.

Many of India's thermal power plants were facing a crisis due to low stocks of coal at their end.

According to official data, last year in October, coal supply to the power sector was 46.98 mt.

Coal supply to the sponge iron sector decreased by 29.2% to 0.46 mt in October, compared to 0.65 mt last year during the same period.

The fuel dispatch to the cement sector has also decreased to 0.47 mt in October, compared to 0.68 mt last year during the same period.

In other sectors, including steel and cement, coal supply has dropped to 4.19 mt in October, compared to 6.71 mt last year.

Coal Minister Pralhad Joshi, had asked Coal India Limited (CIL) and its subsidiaries to ensure coal stocks for up to 18 days with the thermal power plants by the end of this month.

CIL accounts for about 80% of domestic coal output in the country. It has been prioritising coal supply to power producers to refill coal stocks.

He asked the Chairman and Managing Directors of coal Public Sector Undertakings (PSUs) to revise the coal strategy to achieve the goal.

He said that international coal prices have tripled over recent times and resulted in a 38% reduction in coal imports in India. He added that the electricity demand has also increased by 24%.

Joshi recently visited the coal mines in Jharkhand and Chattisgarh and was concerned about the coal crisis in the country and its impact on the power supply. Image Source

Also read: Coal India Limited prioritises coal supply for power plants

Despite the price hike in import prices, the coal dispatch to the power sector has increased by 27.13% to 59.73 million tonnes (mt) in October. Many of India's thermal power plants were facing a crisis due to low stocks of coal at their end. According to official data, last year in October, coal supply to the power sector was 46.98 mt. Coal supply to the sponge iron sector decreased by 29.2% to 0.46 mt in October, compared to 0.65 mt last year during the same period. The fuel dispatch to the cement sector has also decreased to 0.47 mt in October, compared to 0.68 mt last year during the same period. In other sectors, including steel and cement, coal supply has dropped to 4.19 mt in October, compared to 6.71 mt last year. Coal Minister Pralhad Joshi, had asked Coal India Limited (CIL) and its subsidiaries to ensure coal stocks for up to 18 days with the thermal power plants by the end of this month. CIL accounts for about 80% of domestic coal output in the country. It has been prioritising coal supply to power producers to refill coal stocks. He asked the Chairman and Managing Directors of coal Public Sector Undertakings (PSUs) to revise the coal strategy to achieve the goal. He said that international coal prices have tripled over recent times and resulted in a 38% reduction in coal imports in India. He added that the electricity demand has also increased by 24%. Joshi recently visited the coal mines in Jharkhand and Chattisgarh and was concerned about the coal crisis in the country and its impact on the power supply. Image Source Also read: Coal India Limited prioritises coal supply for power plants

Next Story
Building Material

JK Cement emerges successful bidder for Mahan coal mine in Madhya Pradesh

This marks the company’s second commercial coal block win, following its acquisition of the West of Shahdol (South) coal block. "The company is committed to becoming self-reliant for its existing cement plants and upcoming projects," JKC stated. The surplus coal from the mine will be sold commercially. The vesting order was handed over to JK Cement during a ceremony at Shastri Bhawan, New Delhi, a critical milestone for commencing mining operations within the stipulated timeline...

Next Story
Building Material

Prism Johnson's cement division goes live with Ramco ERP Suite

Prism Johnson has successfully gone live with the Ramco ERP Suite for its Cement Division. This milestone marks a significant step in Prism Johnson's digital transformation journey, leveraging Ramco Systems' advanced enterprise solutions and process control systems to streamline business processes, manufacturing operations and drive efficiency. The implementation includes cutting-edge modules for Maintenance, Sales, Distribution, Finance, Procurement, Manufacturing, Quality, and HR Management (HRM). These solutions enable Prism Johnson to achieve seamless integration across its business and wo..

Next Story
Infrastructure Urban

Indian shadow bank Shriram Finance gets record $1.28 billion loan

Shriram Finance Ltd. is reported to have borrowed $1.28 billion in a multi-currency social loan, marking the largest offshore facility ever undertaken by an Indian shadow lender. According to a press release issued by Shriram, the deal is divided across the dollar, euro, and dirham. Sources familiar with the transaction, who wished to remain anonymous, indicated that the tenors in the multi-tranche deal range from three to five years. This loan adds to the surge of offshore debt sales by Indian shadow lenders this year, a trend prompted by the Reserve Bank of India's tightening of rules in Nov..

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