BW Businessworld
CIL Dec Production Up Marginally, Offtake Down 2.1%
The total output of the Maharatna PSU stood at 156.8 million tonne in October-December 2020, a 6.3 per cent jump, as compared to 147.5 million tonne in the year-ago period.
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State-run Coal India Ltd (CIL) on Friday said its production in December was up by 0.5 per cent to 58.3 million tonne, while its offtake was down by 2.1 per cent to 52.6 million tonne for the month.
The miner had produced 58 million tonne of coal and supplied 53.7 million tonne in the year-ago month.
But, month-on-month production and offtake remained higher.
The coal behemoth had produced 51.7 million tonne of dry fuel in November 2020 and the offtake was at 51.3 million tonne.
State-run Coal India Ltd (CIL) is aiming at substituting imported dry fuel of 80-85 million tonne with more domestic supplies in the current fiscal, an official said on Thursday. The miner has asked power plants in the coastal areas to submit proposals for a gradual increase of its supplies to these units to reduce foreign exchange outgo, the Coal India official said. We are expecting to substitute 80-85 million tonne of imported coal this year and have asked the coastal power plants to submit proposals to us and the railways for domestic supplies, CIL director marketing S N Tiwari said at an event organised by mjunction.