Business

Coal India Likely To Offtake Record Of 581 Million Tonnes In FY18

NEWS WORLD INDIA | 0
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| March 30 , 2018 , 18:17 IST

The Ministry of Coal on Friday reportedly said that Coal India Ltd (CIL) is set to carry out an offtake of about 581 million tonne coal in 2017-18 (April-March). This record is due to improved cooperation between the mining companies and the Indian Railways.

"With the continuing cooperation from Railways, CIL is expected to achieve record offtake of about 581 mt (million tonnes) during the current fiscal, registering a growth of 7 percent," a Ministry statement said.

"Having realised the potential for moving over 340 rakes of coal (in a day), increased thrust is being made to carry forward the momentum to bring the power sector out of criticality and to meet the demands of other sectors of consumers."It further added. 



The state-run company recorded the highest offtake on March 28, of 2 million tonnes and the Indian Railways helped the movement of 344.5 coal rakes the day, surpassing the target of 342 rakes, the Ministry reported.

The synergy between Coal India and Indian Railways has improved in order "to overcome the crisis faced by thermal power plants from the month of July 2017", it said.

"The daily average despatch to power plants during the last 10 days has also crossed the target of 1.4 million tonnes, as a result, the stocks at the power stations' end which had plunged to the lowest level of about 7 mt during October 2017 has now improved to 16 mt, despite a rapid increase in coal consumption."