We estimate that Indian coal production increased to 63.5m tonnes in November, up 4.8% m-o-m and up 4.5% y-o-y. Indian top coal producer, Coal India (CIL), reported output at 52.1m tonnes, up 4.7% m-o-m and up 1.6% y-o-y. This is the highest level since February.
Indian second largest state owned coal producer, Singareni Collieries Company Limited (SCCL) extracted 5.8m tonnes last month, up 9.5% m-o-m and up 28.5% y-o-y. This is the highest coal output since March.
Source: CIL, SCCL
Coal production at smaller independent coal producers is estimated at 5.6m tonnes, up 1.8% m-o-m and up 12% y-o-y.
Overall, Indian coal production increased to 659m tonnes over the first 11 months of the year, up 48.4m tonnes or 7.9% y-o-y. CIL coal output increased to 541.8m tonnes, up 36.1m tonnes or 7.1% y-o-y. SCCL’s output spiked to 59.6m tonnes, up 4.3m tonnes or 7.8% y-o-y. Coal output by smaller independent producers is estimated to have reached 57.7m tonnes, up 8m tonnes or 16.1% y-o-y.
The spike in November’s coal output is closely linked with the stock pilling at Indian thermal power plants. Coal inventories at Indian thermal power plants increased to 12.4m tonnes as of 26 November, up 27.6% m-o-m and up 27.4% y-o-y.
Source: CIL, SCCL, Indian Government, CEA