Saturday, Jun 10, 2023
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
    • Rewind
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
  • Rewind
Home | Business | Cils Additional Supply Reduces Coal Imports By 90 Mt In Fy21

CIL’s additional supply reduces coal imports by 90 MT in FY21

The state-owned coal major booked an all-time high of 124 MT in its e-auctions.

By PTI
Published Date - 07:32 PM, Thu - 1 April 21
CIL’s additional supply reduces coal imports by 90 MT in FY21
whatsapp facebook twitter telegram

New Delhi: State-owned CIL on Thursday said it provided additional coal supply in the country during 2020-21, which prompted customers to opt 90 million tonnes of domestic coal instead of importing it from abroad.

At the end of Covid-19-hit 2020-21, Coal India Ltd’s (CIL) silver lining, amid output and offtake challenges, came in the form of curbing coal imports to the tune of 90 million tonnes (MT), the public sector undertaking said in a statement.

Also, beating the previous estimates, the state-owned coal major booked an all-time high of 124 MT in its e-auctions. Sustaining its growth trajectory throughout the fiscal, over burden removal (OBR) logged 17 per cent growth easing the way for faster future production, the statement said. OB is the extraneous material that overlays the coal seam, removal (OBR) of which makes the dry fuel’s production easier.

“In the absence of our import substitution measures through a host of concessions and benefits, the customers would have had no alternative than to source coal from imports. In that, it was a productive and timely move,” the company said. The company opened a new window exclusively for coal importers in October last year.

CIL allowed its subsidiaries to sign memorandum of understandings (MoUs) with 17 power plants linked to them to substitute their imports with its own coal, for blending. Additional coal was allocated to central and state power generation companies (gencos), under flexi-utilisation, enabling them avert coal imports.

Annual contracted quantity (ACQ) for power plants was enhanced to 100 per cent of normative requirement from 90 per cent. Increased quantities of coal was offered to non-regulated sectors against fuel supply agreements (FSAs) up to 100 per cent of ACQ.

Trigger level for the power sector was elevated from 75 per cent to 80 per cent. Increased bookings in auctions were a major booster in import substitution efforts. While these actions cumulatively helped the power sector opt for domestic coal to the tune of 42 MT, non-regulated sector (NRS) picked up bulk of the rest.

CIL set a new high in booking 124 MT of coal under five e-auction windows in 2020-21 eclipsing the previous record of 113.6 MT achieved in 2016-17.


Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .


  • Follow Us :
  • Tags
  • 90 million tonnes
  • Annual contracted quantity (ACQ)
  • Coal imports
  • Coal India Ltd (CIL)

Related News

  • KTR slams Centre on coal imports

    KTR slams Centre on coal imports

  • Centre’s paradoxical approach to coal imports

    Centre’s paradoxical approach to coal imports

  • Real estate in Hyderabad’s IT Corridor to get another booster shot

    Real estate in Hyderabad’s IT Corridor to get another booster shot

  • Coal India continues fuel supply to power plants under import substitution

    Coal India continues fuel supply to power plants under import substitution

  • Coal production likely to fall marginally

    Coal production likely to fall marginally

  • Coal India board approves second interim dividend

    Coal India board approves second interim dividend

Latest News

  • Rewind: Tackling turbulence

    2 hours ago
  • Destination USA: Role of international student advising centres

    2 hours ago
  • Microsoft’s new feature to let users react to comments in Word

    3 hours ago
  • Diwali to be school holiday in New York after State legislature passes Bill

    3 hours ago
  • Candlelight vigil by Kuki women in Delhi for those killed in Manipur violence

    3 hours ago
  • US: 2 dead, another injured, in shooting involving Kansas City police officer

    3 hours ago
  • Google patches new Chrome zero-day flaw used in exploit

    4 hours ago
  • Intense fighting reported in Ukraine as last nuclear reactor is shut down amid flooding

    4 hours ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam