PSU miner, Coal India (CIL) has liquidated a whopping 57 million tonnes (MT) of its pithead stock during the first six months of the current fiscal directing the bulk to power utilities. At the beginning of the fiscal, the company\u2019s pithead stock was at 99 MT and stock reduction has been the highest ever \u2014 not only for the first half of any fiscal but on yearly basis as well so far.<\/p>\n
At present, CIL has a pithead stock of 42 MT. The increasing production is expected to create a stockpile that is likely to exceed 100 MTs by the fiscal end. The company produced 249.8 MTs during the first half, a growth of 5.8%. The production target for the entire year has been kept at 670 MT, achieving which will create an inventory, difficult to manage. The demand from the power sector has been rising to date but it would stabilise by October end with the company supplying 1.6 MT a day, raising from its present supply level of 1.4 MT a day.<\/p>\n","protected":false},"excerpt":{"rendered":"
PSU miner, Coal India (CIL) has liquidated a whopping 57 million tonnes (MT) of its pithead stock during the first six months of the current fiscal directing the bulk to power utilities. At the beginning of the fiscal, the company\u2019s pithead stock was at 99 MT and stock reduction has been the highest ever \u2014 not only for the first half of any fiscal but on yearly basis as well so far. At present, CIL has a pithead stock of 42 MT. The increasing production is expected to create a stockpile that is likely to exceed 100 MTs by the […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[198,130,138],"tags":[],"class_list":["post-440218","post","type-post","status-publish","format-standard","hentry","category-coal-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/440218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=440218"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/440218\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=440218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=440218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=440218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}