Coal India Limited (CIL) Posted Performance Q3 and April-December 2015
Interestingly, CIL continued its high orbit growth in coal supplies
for the nine month period of April-December 2015 also registering 9.8% growth
on a year-on-year comparison. The total coal supplied to its customers was
389.27 Million Tonnes during April-December 2015 against 354.66 Million Tonnes
during the same period last year, the increase in volume terms being 34.61
The company in the recent times has stepped up its coordination with
Indian Railways in a bid to get more rakes and this appears to have paid off in
terms of increased supplies. CIL has been able to maintain growth trajectory in
its supplies despite slowdown in the demand for the fuel from coal fired power
utilities which account for around 77% of its overall coal supplies.
The company clocked 9.4% growth in production during Q3 of the
current fiscal, i.e, October-December 2015 on a quarter-on-quarter comparison.
The third quarter of the fiscal witnessed coal production of 143.97 Million
Tonnes against 131.64 Million Tonnes, with the production increase in volume
terms at 12.33 Million Tonnes.
CIL held steady its production tempo for the nine months of
April-December 2015 also registering a growth of 9.1%. Coal production during
April-December 2015 was 373.51 Million Tonnes against 342.38 Million Tonnes on
a year-on-year comparison with a whopping 31.13 Million Tonnes increase in
CIL's strategy of mine wise monitoring, pressing for faster
environment clearances, coordination between Centre and State authorities
working in unison in removing hurdles helped maintain its production growth
throughout the year.
Coal fired power utilities of the country received 108.2 Million
Tonnes of coal during October-December 2015 against 103.58 Million Tonnes during
same quarter last year. The quarter-on-quarter growth has been 4.5% with 4.62
Million Tonne absolute increase.
Growth in coal supplies to power utilities surged ahead to 6.8% for
the period April-December 2015. CIL moved 299.15 Million Tonnes of coal to the
power plants during the nine month period ending December 2015, compared to
280.22 Million Tonnes Million Tonnes on a like-to-like comparison. In absolute
terms the increase has been a healthy 18.93 Million Tonnes.
Power Utilities of the country are flush with coal as coal stocks at
their end as of 31 December 2015 at 31.05 Million Tonnes was more than double
compared to same period previous year. The stock amounted to average of 24 days
with no power utility at critical or supercritical condition. Compared to this,
as of 31 December 2014, coal stock at power utilities was 13.97 Million Tonnes
equivalent to 9 days with 42 utilities in critical condition and 19 utilities
reeling under supercritical condition.
the third quarter of the fiscal CIL’s average loading of rakes per day grew by
9.2%. On an average 220.2 rakes were loaded per day during October-December
2015 against 201.6 rakes/per day on quarter-on-quarter comparison. On an average,
CIL managed to load 18.6 rakes more per day during the quarter.
The transfer of coal through rail mode saw a remarkable growth of
10.1% during April-December 2015 as 207.4 rakes per day were loaded on an
average during this period against an average of 188.4 rakes/day compared to
same period last year. The increase in average loading per day has been 19