Coal India secures 608.15 million tonnes of coal offtake for FY22

Coal India Limited (CIL), an Indian government-owned coal miner, said that it has secured offtake for 608.15 million tonnes (MTs) of coal as of 4 March 2022 for the fiscal year 2022 (FY 22).

According to Coal India, the company has gone past the previous highest coal off-take of 608.14MTs, which was secured in FY’19. nearly four weeks before the current fiscal draws to a close. The company’s coal offtake has gone past the previous record with almost four weeks left for the closing of the current fiscal year.

Pramod Agrawal — Coal India Chief said: “Sustained efforts and inspired performance” of the company’s subsidiaries has enabled “to end FY’22 on a sound note scaling even more highs.”

Coal India secures 608.15 million tonnes of coal offtake for FY22. Photo courtesy of Анатолий Стафичук from Pixabay.

The coal miner said that almost all of its subsidiaries are ahead in their respective coal off-take volumes over the corresponding period last year.

Coal India is said to be focusing its efforts to further ramp up its supplies in an effort to reach the off-take mark of 670MTs in FY’22. In FY’21, the company had crossed the 575MT total coal despatch in mid-February itself. Offtake at the end of FY’20 was nearly 580MTs.

A senior executive of Coal India said: “CIL’s current off-take is averaging a little over 2 MTs per day and is expected to go up higher as the month progresses. We are hopeful of reaching 670 MTs if the demand holds.”