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Coal India's production, shipments advance in August

3rd September 2018

By: Bloomberg

  

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MUMBAI – State-run Coal India's August output climbed 3.2% on year to 38.8-million tons while shipments grew 3.4% to 45.22-million tons, the company said in an exchange filing.

Production for the April tot August period advanced 12% to 216.23-million tons and shipments rose 9.5% to 246.90-million tons, according to the company, which mines more than 80% of the country’s coal.

Dispatches to the power sector by Coal India increased almost 13% in the five months to August to 197-million tons, and total rake loading per day to all consumers jumped 5.8% to 227 rakes, the company said in a separate statement.

Coal stock position at linkage-based thermal power stations stood at 14.69-million tons as of August 30 and the number of plants with critical stocks dropped by almost a third to 11, it said. Overall inventories were down to about 25-million tons at the end of last month from 55.55-million tons in April.

Edited by Bloomberg

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