Power sector gives boost to coal off takes though CIL still saddled with huge pit headstocks

Even as the country’s appetite for coal is on the rise with offtake from the coal-fired plants rising sharply to 166.3 million tonnes during April- July this fiscal against 127.2 MTs during the same period last fiscal, Coal India (CIL) is still saddled with a buffer of 55.8 MTs stock despite its marketing efforts reduced pit headstocks by 43.4 MTs at the end of July this year.

The company achieved the highest ever coal off-take, production and overburden removal (OBR), for July of any year since the company’s inception 46 years ago, posting growths of 16.7%, 14.1% and 3.6% respectively.