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Coal India Apr-Jun coal supply to power sector down 21.7% YoY

sxcoal.com International 2020-07-22 11:31:01

State-run Coal India Ltd supplied 93.5 million tonnes of coal to power sector in India from April to June, slumping 21.7% from a year ago, according to a report from the Coal Ministry.


In June, the group's coal supply to power sector fell 19% on the year to 30.94 million tonnes.


Over April-June, Singareni Collieries Co Ltd dispatched 7.28 million tonnes coal to power sector, also a plummet of 48% on the year. The June offtake came in at 2.27 million tonnes, way below the year-ago 4.6 million tonnes.


India's coal industry was battered further as the confirmed cases of the COVID-19 pandemic hit 1 million as of July 17. This triggered a re-imposition of lockdowns in multiple areas in India, which would possibly impact coal output over July-September.


Over July 1-16, coal production by Coal India totaled 18.05 million tonnes, lower than 19.61 million tonnes a year ago.


Coal sales were also adversely affected by the lockdown moves, leading to stock backlogs at mines. On June 16, coal stocks were 72.88 million tonnes at mines owned by Coal India, far above 33.17 million tonnes in the previous year.


Over April-June, Coal India's coal production fell 11.68% on the year to 121 million tonnes.


(Writing by Jessie Jia  Editing by Harry Huo)
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