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Thursday, 07 July 22
COAL INDIA'S PRODUCTION SETS RECORD INCREASE OF 29% YOY AT 36 MT IN Q1FY23 - IIFL SECURITIES
Coal India Limited (CIL) has ended April-June quarter FY’23 capping a historic high of 29% yoy output growth, compared to same quarter FY’22.
According to the BSE release data, CIL produced 159.8 million tonnes (MTs) of coal as of Q1 end, which is 35.8 MTs more than the 124 MT output of April-June’22. All the coal companies of CIL have registered growth.
At around 10:16 AM, Coal India was trading at Rs183.90 per share up by Rs1.8 or 0.99% from its previous closing of Rs182.10 per share on the BSE.
“The likeness of such whopping growth was never witnessed in any Q1 since CIL’s inception. Our first quarter production surge of nearly 36 MTs surpassed the entire annual increase of 26.4 MTs of FY’22” said a senior official of the company.
Only twice before, CIL’s total yearly production was higher than what it achieved during the current year’s first quarter alone.
In its bid to achieve the fiscal’s 700 MT output target CIL began FY’23 with an asking rate of 12.4%. The steep production gain of Q1 helped the company bring down the asking growth rate to 8.3%. Increased production enables better stock build up.
Coal output for June’22 at 51.6 MTs also registered an unmatched 29% growth with volume increase of 11.5 MTs. CIL produced 40 MTs in June’21.
With the coal demand from power plants reaching a higher pitch, CIL’s supplies to power sector peaked to a new high of 153.2 MTs during the quarter registering a strong growth of 19.8%. The expansion in absolute terms was a robust 25.3 MTs over 127.9 MTs of last fiscal’s Q1.
CIL on an average supplied 1.684 MTs of coal per day to power sector during the quarter ended June’22 against requirement of 1.650 MTs per day, resulting in 102% materialization.
In June’22 supplies to coal fired plants have gone up to 1.713 MTs per day against projected requirement of 1.6 MTs resulting in 107% materialization.
CIL’s offtake to power sector, during June’22, clocked a sharp 27% growth at 51.4 MTs. This is 11 MT jump compared to 40.4 MTs in June’21. Higher supplies during the month resulted in coal stock accretion to the tune of 77,000 tons per day at power plants end.
Total coal off-take of 177.6 MTs during the quarter ended June’22 posted nearly 11% growth. Increase in absolute terms was 17.3 MTs compared to offtake of was 160.3 MTs in April-June’21.
CIL’s total off-take for June’22 clocked 15.4% growth at 59 MTs. The increase was 7.8 MTs compared to 51.2 MTs in June’21.
Source: IIFL Securities Ltd
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- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Australian Coal Association
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Planning Commission, India
- The Treasury - Australian Government
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Interocean Group of Companies - India
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