Ripples Advisory: Coal India`s supplies to power plants up by 9.2%


Coal India Ltd (CIL) on Sunday said coal supplies to power utilities increased by 9.2 per cent to 290.59 million tonnes (mt) during April to November period of the current fiscal compared to 266 mt during same period last year

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"On the back of higher rake loading, CIL's coal supplies to power utilities of the country posted a healthy 9.2 per cent growth at 290.59 mt during April-November 2017 continuing the upward spiral. This translates to a robust 24.59 mt increase in absolute terms compared to 266 MTs during April-November 2016," the miner said in a statement. 

For November only, the growth in coal supplies to thermal power stations of the country was up by around 9 per cent at 40.92 mt as against 37.56 mt supplied during year-ago month.

The increased supplies saw the coal stocks at power stations going up by over two mt to around 10 mt at the end of November 2017 compared to closing stock of 7.9 mt in October 2017. The miner said it was gearing up to step up the supplies even further to pull the power stations out of the critical situation.

Average rake loading per day to the power sector recorded a growth of 6.8 per cent during the eight-month period of current fiscal.



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