India's coal production totaled 266.2 million tonnes in the first four months of the current fiscal (April-July 2022), up 26.53% from 210.4 million tonnes a year earlier, an increase that was significantly narrower than the 31.24% rally in the previous three months, preliminary statistics from the coal ministry showed.
The country's largest state-owned company Coal India produced 207 million tonnes during the period, up 24.33% year on year; another producer SCCL produced 20.21 million tonnes, down 1.11% year on year; captive coal mines produced 37.16 million tonnes, up 69.16% year on year.
For the current fiscal year (April 2022-March 2023), India set the output guidance at 911 million tonnes, up 17% from the previous fiscal year.
On the sales side, total coal sales in India were 292.6 million tonnes from April to July, up 13.13% from 258.7 million tonnes in the same period last year.
Coal India's sales were 232 million tonnes, up 9.78% year on year; SCCL's sales were 20.66 million tonnes, down 4.88%; sales of captive mines were 38.04 million tonnes, up 58.45%. India's coal sales target for this fiscal year is pegged at 911 million tonnes.
From April to July, India's coal supply to the power sector reached 250 million tonnes, up 21.31%.
As of July 31, coal stocks at power plants across the country increased to 29.85 million tonnes from 26.52 million tonnes at the end of June, an increase of 12.56%, India's Central Electricity Authority (CEA) data showed.
Due to unprecedented heat, delayed rainy season and accelerated economic recovery, India's electricity demand grew 13.93% year on year in April-July, while coal-fired power generation increased 16.13% over the same period.
(Writing by Alex Guo Editing by Harry Huo)
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