In the fourth quarter of the current fiscal, compared to the third quarter, Coal India Ltd (CIL) is projected to see a close to 17% increase in coal despatch to clients in the non-regulated sector (NRS).
In Q4 FY23, 3.67 lakh tonnes of coal have been delivered on average daily to NRS customers. With a 33 million tonnes (mt) supply to this industry, CIL is expected to end the current quarter. This would entail providing NRS with 4.7 mt more coal than the 28.3 mt it received in the third quarter of the year.
Shipments to NRS are projected to total 33 mt from January through March 2023, an increase of 3.1 mt over the same time last year and a double-digit growth rate of 10%. The non-regulated industry received 29.9 mt from CIL in the last quarter of FY22.
The increase in the coal inventories at CIL’s pitheads contributed to better supplies to NRS from the quarter commencing in January 2023. According to a press release from the corporation, despite rising shipments to power utilities, CIL’s end has increased its coal reserves by 6 lakh tonnes per day in the current month (March).
The pithead stock of CIL has doubled from 32 mt in the third quarter that ended in December 2022 to a comfortable 63.8 mt as of March 23. By the end of the current fiscal, CIL’s stocks are predicted to be 68 mt.
