Coal India overall offtake jumps 160.4 MT in Q1

Kolkata: Even as coal demand from the power sector is fluctuating, Coal India’s (CIL) overall offtake has risen up to 160.4 million tonne (MT) during the first quarter of the current fiscal ending June’21. This represents 33% growth compared to 120.8 MT of same quarter of last year, the increase in volume terms being a robust 39.6 MT.

CIL’s April-June’21 offtake was also close to 7 MT higher than 153.5 MT of pre-Covid quarter April-June’19 clocking a 4.5% growth. “In the current fiscal so far, coal-based power generation is yet to get into a steady rhythm having a bearing on our supplies to power sector. After an encouraging spurt in April, coal-fired electricity generation slowed down in May. It started accelerating during the last 10 days of June again,” a CIL official added.