The state-run Coal India Ltd (CIL) reported a year-on-year fall of 6.6% in coal output to 61.9 million tonnes in February 2021, the company said in its monthly production report released on March 3.
The company produced 515 million tonnes during April 2020- February 2021, ticking 0.5% year on year, while the sales stood at 514 million tonnes, falling 2.6% year on year.
CIL's coal sales totaled 51.2 million tonnes in February, down 6.2% from 54.6 million tonnes in February 2020.
Indian power demand was close to 111 TWh in January, a month-on-month fall of 5%. Sources said CIL coal shipment remained low due to slower-than-expected coal demand recovery space and high stockpiles at domestic utilities.
CIL is the largest coal producer in India accounting for over 80% of the country's total output. The company's coal production guidance stood at 630-640 million tonnes in FY 2020-21.
(Writing by Rebecca Liu Editing by Harry Huo)
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