Coal Minister Pralhad Joshi compliments coal companies for record supply of 22 lakh tonnes of dry fuel to thermal power plants

By: |
October 30, 2021 5:25 PM

Joshi had on Thursday said CIL has stepped up fuel supply to meet the increased demand of the power sector and arrest shortages at thermal power plants caused due to rising cost of imported coal.

Congratulating all coal companies for this feat, Joshi urged them to keep increasing coal production and offtake.Congratulating all coal companies for this feat, Joshi urged them to keep increasing coal production and offtake.

Coal Minister Pralhad Joshi on Saturday complimented coal companies, including state-owned CIL, for record supply of 22 lakh tonnes of the dry fuel to thermal power plants.

This comes amid thermal power plants facing coal shortages.

Joshi has expressed happiness over coal ministry’s remarkable achievement of attaining 22 lakh tonnes coal dispatch to thermal power plants on Thursday (October 28), the ministry said in a statement.

In a tweet, the minister said out the above quantity, 18 lakh tonnes have been supplied by Coal India Ltd (CIL).

Congratulating all coal companies for this feat, Joshi urged them to keep increasing coal production and offtake.

Joshi had on Thursday said CIL has stepped up fuel supply to meet the increased demand of the power sector and arrest shortages at thermal power plants caused due to rising cost of imported coal.

The government had on Thursday said supply of coal to thermal power plants (TPPs) has been rising consistently, which is evident from the rise in stock at power plants.

Average rise during the last one week is more than 2 lakh tonnes per day.

“Coal supply to power plants has indicated steady increase for the last many days,” the coal ministry had said in a statement.

Supplies to TPPs have been increasing consistently “which is evident from the rise in stock at the power plant end which has started rising and average increase during last one week is more than two lakh tonnes per day,” it had added.

As per a Central Electricity Authority (CEA) report, the coal stock with power plants stood at 9.028 million tonnes (MT) as on October 26, 2021.

With daily increase in coal stock for the last nine days, five days’ stock is available at thermal power plants. In around a week’s time, it is likely to reach six days’ buffer stock.

Coal consumed on daily basis by TPPs is replenished by coal companies. Coal India accounts for over 80 per cent of domestic coal output.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1CCI closes case against Intel; finds no evidence of unfair business practices
2MoS IT launches India’s first indigenous server Rudra
3PepsiCo’s IPR on FL-2027 potato variety revoked