Based on our forecast, total Indian coal production increased to 54.6m tonnes in October, up 14.9% m-o-m and up 3.4% y-o-y. This includes coal output at India’s largest state-owned coal producer Coal India, which increased to 46.1m tonnes, up 19% m-o-m and up 6% y-o-y. This, however, was 3.3m tonnes below the monthly target set by the company at 49.5m tonnes for October. On the other hand, Indian second largest state-owned coal producer reported fall in output to just above 4m tonnes (4.04), down 11% m-o-m and down 14% y-o-y. Independent coal producers produced 4.4m tonnes of coal in October, up 4.8% m-o-m but still 4% lower y-o-y.
Indian total coal production increased to 550m tonnes, up 18 tonnes or 3.4% y-o-y. Coal India produced 454.4m tonnes, up 18m tonnes or 4.1% y-o-y. SCCL’s output increased to 50.8m tonnes, up 2.7m tonnes or 5.7% y-o-y. On the other hand, coal output at the independent sector decreased to 44.5m tonnes, down 5.9% y-o-y.
Source: CIL, SCCL, Ministry of Coal, Global Commodity News