Coal India Limited’s Production Grows 8% To 189.3 Mts In Q1, FY 2025

On July 01, 2024, Coal India Limited (CIL) announced that it had increased its coal production to 189.3 million tonnes (MTs) in the first quarter ending June FY 2025, which is 13.8 MTs more than the same quarter last year, showing nearly 8% growth. Last year’s production for the same period was 175.5 MTs.

Meeting Production Targets

CIL met its target of 189.2 MTs for Q1 of this fiscal year, with all 7 production units showing positive growth and 5 surpassing their individual targets.

June 2024 Performance

In June 2024, CIL’s output rose to 63 MTs, a 9% increase from June last year, when it produced 58 MTs, marking a 5 MT increase.

Increased Supplies and Year-on-Year Growth

Strong production growth and increased coal loading led to total supplies of 198.4 MTs in April-June 2024, a 6% year-on-year growth, with an 11.4 MT increase over last year’s 187 MTs.

Rising Demand and Power Sector Supplies

Amid rising power demand, CIL’s supplies to coal-fired plants increased by 4% to 160 MTs in Q1 FY 2025, a 6 MT rise from 154 MTs in the same period of FY 2024.

Record High Supplies to Non-Power Sectors

Supplies to the non-power sector reached a record high of 38.4 MTs, a 16% growth from 33 MTs in April-June 2023, with June 2024 alone seeing a 23% growth to 13.4 MTs.

Enhanced Coal Loading Efficiency

On average, CIL loaded 325.7 rakes per day to the power sector in the first 3 months of FY 2025, 19 more rakes per day than in Q1 FY 2024, a 6% increase. This includes loading from CIL’s own sidings, private washeries, and goods sheds. One rake holds about 4,000 tons of coal.

Year-on-Year Loading Growth

Total average coal loading grew by 10.3% year-on-year to 367.2 rakes per day, compared to 333 rakes per day last year.

Pithead Inventory and Preparedness

Coal inventory at CIL’s pitheads stood at 81.5 MTs at the end of Q1 FY 2025, 40% higher than the 58 MTs at the same time last year, ensuring a sufficient buffer to meet any sudden demand increases.

About Coal India Ltd

Coal India Ltd is primarily involved in mining, producing, and running coal washeries. The company’s main customers are in the power and steel industries, but it also serves sectors like cement, fertilisers, and brick kilns.

On July 01, 2024, the share price of Coal India Ltd opened at ₹473.35, touching the day’s high of ₹476.30 as of 02:42 PM on NSE.

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