Coal Production to Reach Lifetime High of 850-900 MT by FY23-end - says report issued by Care on Coal sector
India’s coal prod reached a new milestone of 524 Mn Ton during YTD FY23 (Apr-Nov 2022), a 17.1% y-o-y growth, driven by 16.8% y-o-y increase in prod by Coal India Ltd(CIL)
India’s coal prod reached a new milestone of 524 Mn Ton during YTD FY23 (Apr-Nov 2022), a 17.1% y-o-y growth, driven by 16.8% y-o-y increase in prod by Coal India Ltd(CIL)
The power sector continued to be the largest consumer of domestic coal, ~85% of the
total despatches of 588 MT during YTD FY23.
Total coal imports surged by 25.7% y-o-y to 154.7 MT during April-October 2022, despite high imported coal prices led by high demand from Power sector
total despatches of 588 MT during YTD FY23.
Total coal imports surged by 25.7% y-o-y to 154.7 MT during April-October 2022, despite high imported coal prices led by high demand from Power sector
Ministry of Coal has concluded five tranches of commercial coal mines auction under the "Coal Mines
(Special Provisions) Act 2015 and Mines & Minerals (Development & Regulation) Act 1957” and 64 coal
mines have been allocated till date.
(Special Provisions) Act 2015 and Mines & Minerals (Development & Regulation) Act 1957” and 64 coal
mines have been allocated till date.
Further, the sixth tranche of the commercial coal mines auction was launched in November 2022, where 141 coal mines have been offered.
Production Crossed 500 MT as of Nov-22
Domestic coal production crossed 524 MT during YTD FY23 (Apr–Nov), registering 17.1% y-o-y growth over the same period in FY22. CIL continued to be the largest producer of coal accounting for 79%
of the total production during YTD FY23.
Domestic coal production crossed 524 MT during YTD FY23 (Apr–Nov), registering 17.1% y-o-y growth over the same period in FY22. CIL continued to be the largest producer of coal accounting for 79%
of the total production during YTD FY23.
Coal production from captive mines increased by 33.4% y-o-y in YTD FY23 and contributed 13.6% to the total coal production during this period, vs. 11.9% during the same period in FY22.
This growth was led by Govt support for coal prod from existing operational captive coal mines.
This growth was led by Govt support for coal prod from existing operational captive coal mines.
Overall energy requirement of India - The overall energy requirement in the country has increased from 920,587 MU during YTD FY22 to 10,17,940 MU during YTD FY23.
Coal-based power generation has accounted for more than 65% of total power generated in the
past years
Coal-based power generation has accounted for more than 65% of total power generated in the
past years
As of 30th November 2022, the PLF~ Plant Load Factor of coal-based power plants improved to 61.5% from 53.5% as of
November 2021, primarily due to a ramp-up in domestic coal supply to meet the high demand for coal-based power plants.
November 2021, primarily due to a ramp-up in domestic coal supply to meet the high demand for coal-based power plants.
Coal Import - During Apr-Oct 22 period in current fiscal, coal imports increased despite the surge in international coal prices peaking in the month of Oct
Non-coking coal (Trader and Power) continued to drive India’s coal Imports and accounted for more than 65% of total imports
Non-coking coal (Trader and Power) continued to drive India’s coal Imports and accounted for more than 65% of total imports
International Coal Prices
Global coal prices have been on an upward trajectory since Nov-21 due to Russia-Ukraine war
For the quarter ending Sep-22, the Australian, Indonesian and South African coal prices surged by a staggering 144%, 142% and 139% y-o-y respectively.
Global coal prices have been on an upward trajectory since Nov-21 due to Russia-Ukraine war
For the quarter ending Sep-22, the Australian, Indonesian and South African coal prices surged by a staggering 144%, 142% and 139% y-o-y respectively.
As per CARE Report- Coal Prod to touch 850–900 MT by end of this fiscal, with further upside potential in the medium-term
This is likely to be driven by CIL’s expected ramp-up in production to achieve the Ministry of Coal’s target to produce 1.3 bn ton by FY25 &1.5 bn ton by FY30
This is likely to be driven by CIL’s expected ramp-up in production to achieve the Ministry of Coal’s target to produce 1.3 bn ton by FY25 &1.5 bn ton by FY30
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