Coal Mining Uncategorized

Indian coal production increased in August, up 16.1% y-o-y

According to our calculations, Indian coal production increased to 46.7m tonnes in August, up 3% m-o-m and up 15.6% y-o-y. India’s largest state-owned coal mining company, Coal India, increased production to 37.6m tonnes, up 2.7% m-o-m and up 16.1% y-o-y. This is 670KT higher then the monthly target set by the company at 37m tonnes. The second largest state owned coal producer SCCL produced 4.5m tonnes, up 2.7% m-o-m and up 7.1% y-o-y. Coal output by smaller independent producers is forecast at 4.5m tonnes, up 5.6% m-o-m and up 20.2% y-o-y.

Indian coal production increased to 447.7m tonnes over the first 8 months of the year, up 11.8m tonnes or 2.3% y-o-y. Coal India produced 369.5m tonnes, up 11.9m tonnes or 3.3% y-o-y. SCCL output increased to 42.2m tonnes, up 2.9m tonnes or 7.4% y-o-y. Whereas, coal production by smaller independent producer declined to 36.1m tonnes, down 3m tonnes or 7.6% y-o-y.

Source: CIL, SCCL, Ministry of Coal