Coal India Limited (CIL) subsidiary Central Coalfields Limited has registered the drop in offtake to customers with the offtake falling by 55 per cent in April, making CCL one of the worst hit Coal India subsidiaries during lockdown due to the coronavirus outbreak. The company’s offtake for April were at 2.89 million tonnes as compared to 6.42 million tonnes reported for the same corresponding period in the last year. The average drop in total offtake of Coal India including all its subsidiaries was reported to be around 25.5 per cent, which is almost half the drop in offtake registered by CCL. The overall coal production by Coal India registered a drop of around 11 per cent, whereas the production of CCL declined by 29.2 per cent.
Coal minister Pralhad Joshi on Tuesday said on twitter that Coal India has offered a flexible route of coal auction, extending the lifting period to 3 months for supporting coal consumers amidst the ongoing corona virus outbreak. Prime Minister Narendra Modi also recently gave directions to target thermal coal import substitution, at a time when a huge coal stock inventory is available in the country.
Source: energy.economictimes.indiatimes.com
