Coal India’s double-digit output growth to shore up stocks at power plants

Kolkata: Coal IndiaNSE -0.39 %’s output grew in double digits for the first time in this financial year this month, a development which will allow it to increase fuel stocks at power plants to last up to 30 days and fully meet the requirement of customers in other sectors by March.

The state-run miner’s output increased 10.7 per cent year-on-year this month while supplies grew 6.2 per cent . It produced 54.17 million tonnes (mt), or 2 mt a day, until January 27 and supplied 48.07 mt of coal.

“After almost three years, no NTPCNSE 1.06 % or NTPC’s joint venture plants have super-critical stock,” said a Coal India executive, who did not wish to be identified. “There is no shortage of coal.”