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Wednesday, 22 July 20
CIL'S COAL SUPPLY TO POWER SECTOR DROPS OVER 21% TO 93.5 MT IN APR-JUN QUARTER - PTI
The supply of coal by state-owned Coal India Ltd to the power sector fell 21.7 percent to 93.5 million tonnes (MT) in the first quarter of the ongoing fiscal.
Coal India Ltd (CIL) had supplied 119.5MT of dry-fuel in the April-June period of the previous fiscal, according to a latest report by the Coal Ministry.
The coal dispatch by the Maharatna firm last month also dropped by 19 percent to 30.94MT, from over 38.14 MT of dry fuel in June last fiscal.
The fuel dispatch by Singareni Collieries Co Ltd (SCCL) during April-June period also fell 48 percent to 7.28MT, from over 13.99MT supplied in corresponding quarter of previous fiscal.
In June, the supply fell by half to 2.27MT, from over 4.60MT in the corresponding month of the previous fiscal.
Coal India (CIL), had last week said the situation will remain uncertain in July-September quarter, as some states are resorting to fresh lockdown amid rise in COVID-19 cases. Coal production in some of the major mines is still affected due to high coal stock and less offtake, it had said.
The state-owned miner produced 18.05MT of coal from July 1 to July 16, as against 19.61MT produced in the same period last year.
Pithead stock of CIL as on July 16 stood at 72.88MT, as compared to 33.17MT during the year-ago period, it said.
Due to continuing lockdown and various guidelines issued by centre and state governments, normalcy has not been restored yet, affecting coal production and despatch, Coal India had said.
Despatch of coal was adversely affected in the last week of March resulting into mounting coal stock at pithead. Coal stock as on March 31 was 74.629MT, compared to 54.155MT on March 31, 2019.
Restriction imposed on movement of vehicles badly affected supply of explosives in the mines.
Coal India had produced 121.01MT of coal during April 1-June 30, compared to 136.94MT during the same period last year.
Source: PTI
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Saturday, 01 August 20
SHIP SHAPE - OUCH: FIS
Thursday afternoon saw a report that US GDP in Q2 shrank by 32.9%. Now this may have beaten expectations, but it’s a bit like saying that you ...
Saturday, 01 August 20
ASIA HOPE FOR LONG-TERM OIL DEMAND - BALTIC BRIEFING
Oil demand in Asia Pacific might be expected to plunge 1.8m barrels per day (bpd) this year, but there are still strong prospects for growth over t ...
Friday, 31 July 20
SHORT-TERM IMPACT ON THE CHEMICAL SHIPPING MARKET IF THE INDIA-CHINA DISPUTE ESCALATES - DREWRY
Due to the India-China dispute, the threat of deteriorating trade relations between the two countries has become real. Meanwhile, we expect freight ...
Friday, 31 July 20
PANAMAX: THE PERIOD MARKET REMAINS QUIET WITH FEW FIXTURES REPORTED - FEARNLEYS
Capesize
After weeks of dropping rates, there are finally some resistance for the Capes. Pacific rounds improving to upper15,000s by the middle ...
Friday, 31 July 20
PANDEMIC SENDING SOUTH AFRICAN COAL INDUSTRY TO EARLIER GRAVE - IEEFA
Could South Africa’s coal export industry, one of the largest in the world, be about to take a severe hit from the coronavirus?
...
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