The state-owned coal miner Coal India Limited (CIL) has projected to supply a total of 610 million tonnes (MT) to the power sector in financial year 2023-24 for meeting the demand of coal fired plants in India.
The forecasted supply value is 4% or 23.4 million tonnes higher than Coal India’s record ever 586.6 MTs supplied to power plants in the previous financial year (FY23).
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“With increasing production and adequate coal stock of 69 MTs at our pitheads we aim to meet the projected target with our best shot and satiate the demand,” stated a company employee.
The Maharatna PSU stated that it is gearing itself to meet the power sector’s coal demand requirement, which may increase in the face of a hot summer, thanks to its adequate coal stocks at pitheads and increased production in Q1 FY24, i.e., the Apr-Jun 2023 period.
For FY24, Coal India has targeted its production and off-take at 780 MTS.
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Of this, with 610 MTs programmed to meet the power sector’s demand, availability of coal for the non-regulated sector (NRS) increases sizably, the company said.
Coal accessibility to the non-regulated sector would stand better in FY24 than the previous year even if any unforeseen demand surge comes from any unforeseen demand surge.
