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Published:May 15, 2019 3:14 PM
Coal Sector witnessed its biggest achievement this year in Coal Production. For the first time, Maharatna Coal Mining giant Coal India Limited (CIL) has crossed the 600 MT mark in coal production and offtake ending up the fiscal year at the growth rate of 7% and 4.80% respectively in comparison with FY’18. Meanwhile, India’s Thermal coal imports stood at 259 MT in FY’19 as compared to 233 MT for the same period last fiscal. Month-wise Coal Production by CIL (MT) Month CIL Production (MT) CIL Offtake (MT) Coal Imports (MT) Apr-18 44.84 50.97 20.47 May-18 47.14 52.86 22.96 Jun-18 44.88 49.59 19.87 Jul-18 40.56 48.25 21.43 Aug-18 38.8 45.22 22.22 Sept-18 40.24 43.91 19.70 Oct-18 49.77 50.00 22.65 Nov-18 52.09 51.01 19.66 Dec-18 54.13 52.77 19.75 Jan-19 57.2 52.44 23.66 Feb-19 58.05 51.45 21.96 Mar-19 79.2 59.60 24.58 Apr-Mar (FY’19) 606.9 608.11 258.91 CIL Coal Production up by 7% in FY’19 In terms of volume, CIL recorded its highest domestic coal production of 606.9 MT in FY’19 against 567.37 MT during previous fiscal. The yearly coal production stood near to the MoU target of 610 MT. On a m-o-m basis CIL recorded its highest coal production during March 2019 since inception, which was 79.2 MT up by 9.6% against 72.3 MT in the same month last year. However, out of Eight, seven subsidiaries recorded increase in coal production in March 2019 whereas, BCCL coal production is down by 6.6% in the month of March against the same month last year. CIL& Subsidiaries 2017-19 2017-18 2016-17 Prod. Offtake Prod. Offtake Prod. Offtake ECL 50.16 50.39 43.6 43.62 40.52 42.99 BCCL 31.02 33.12 32.6 33.35 37.04 34.9 CCL 68.71 68.4 63.4 67.56 67.04 60.92 NCL 101.52 101.54 93 96.74 84.1 83.46 WCL 52.95 55.5 46.2 48.75 45.63 39.46 SECL 155.89 156.08 144.7 151.1 140 137.65 MCL 146.19 142.31 143.1 138.27 139.21 143.01 NEC 0.75 0.77 0.8 0.89 0.6 0.78 CIL 606.9 608.11 567.4 580.28 554.14 543.16 India’s Total Coal Import Up by 11% Government is focusing to reduce the dependency on imported coal by increasing the domestic coal production and major initiatives were also taken for transparent process for allocation of coal. However, during FY’16 and FY’17 coal imports declined from 203.95 MT to 191.95 MT which suddenly got reversed in FY’18 with 232.86 MT and increased by 11% with 259.91 MT in FY’19 which can be depicted from the graph below: CIL Coal Allotment via Spot e-Auction down by 38% in FY’19 As per the information accumulated from CIL, Coal allotment through E-Auction was introduced with the aim to provide an access to coal for such buyers who are unable to source the fuel through available mechanisms. In FY’19 the total allotted quantity through spot e-auction was 34.34 MT against 55.17 MT in FY’18 witnessing a decrease of 37.7%. However, on m-o-m basis the total quantity of coal allocated by PSU under e-auction in March was up by 10.2% to 4.18 MT against 3.79 MT for the same month in FY’18. Coal Blocks and Commercial Coal Mining There are 904 coal blocks in India which are catered by CIL, SCCL and private players. In India scenario, the coal blocks are handled by private players before independence but after independence scenario changed and there was capturing and converting of coal blocks by government from private to government for various reasons and with this CIL became largest coal mine producing company in India. As the pace of time and shift towards privatization globally, India has also tried to shift towards privatization. This shifting shows results after 1994 and GOI came up with commercial coal mining methodology. In this methodology, 218 government mines moved towards privatization through auctioning and allocation which resulted commercial coal mining. But due to ineffective allocation and lack of transparency, Supreme Court deallocate 204 allocated coal mines and ordered to re-allocate those mines. Hence, governments major reason for this shift is to have more coal production from every mine and development of the sectors which are dependent on coal.
There are 904 coal blocks in India which are catered by CIL, SCCL and private players. In India scenario, the coal blocks are handled by private players before independence but after independence scenario changed and there was capturing and converting of coal blocks by government from private to government for various reasons and with this CIL became largest coal mine producing company in India. As the pace of time and shift towards privatization globally, India has also tried to shift towards privatization. This shifting shows results after 1994 and GOI came up with commercial coal mining methodology. In this methodology, 218 government mines moved towards privatization through auctioning and allocation which resulted commercial coal mining. But due to ineffective allocation and lack of transparency, Supreme Court deallocate 204 allocated coal mines and ordered to re-allocate those mines. Hence, governments major reason for this shift is to have more coal production from every mine and development of the sectors which are dependent on coal.
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