Coal India’s supplies to power sector up by 10% in Apr-Sep

TIL Desk/Business/New Delhi/ Coal India’s supplies to the power sector registered a 10 per cent growth during the first six months of the current financial year on the back of a higher rake loading, an official said on Tuesday.

“On the back of increased rake loading, Coal India supplied the thermal power plants (TPPs) of the country with 232.21 mt of coal during first half of the current fiscal, which is 21.11 mt more coal compared to same period last fiscal, the growth being 10 per cent. Supplies to TPPs were 211.10 mt during first half of the last fiscal,” an official said.

The average rake loading per day from sources of the coal behemoth to the power sector at 202 rakes grew by 9.6 per cent during April-September of the current fiscal compared to 184.3 rakes for similar period a year ago. The increased loading in absolute terms is 17.7 rakes a day.

“Despite the monsoon impeding our production and coal offtake in the second quarter of the fiscal, we have been able to register a growth of 5.8 per cent and 4.5 per cent respectively in both these performance parameters during July-September 2018,” said a senior company official.