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Coal India Ltd's highlights for 2017-18

Posted On: 2018-04-01 08:59:28

- In the year 2017-18, 580.3 Mt of coal has been made available to consumers(highest ever), an increase of about 7% as compared to 543.3 MT in 2016-17.

- In a unique synergy with Indian Railways, CIL supplied a record 454.3 MT of coal, an alltime high coal supply to the power sector in 2017-18, representing a growth of about 7%. CIL had supplied 425.4 MT in 2016-17.

- Supply of coal to Non-power sector in 2017-18 is 126.3 Mt (highest ever), against last year 117.9 Mt, indicating a growth of 7.1%.

- Recorded 344.5 rakes loading in a day on 28th March and 31st March 2018.

- A sterling performance, CIL has produced 567.4 MT (highest ever) of coal in 2017-18 as compared to 554.1 MT in 2016-17.

- Capital expenditure in 2017-18 is Rs 8697 Cr against the target of Rs 8500 Cr, thus achieving the 102.3% of the target. This is the first time the company has exceeded the CAPEX target.

- Highest production in a day to the tune of 3.1 Mil1 T on 31.03.2018; with contributions from CCL (0.723 Mt); SECL (0.638 Mt) and MCL (0.664 Mt)

- Highest offtake in a day of the order of 2.01 Mill T on 28.03.2018

- Achieved production of 72.29 Mill T (highest ever) in a month during Mar'18

- Achieved 1184.64 MCum of overburden removal (OBR) during 2017-18 (highest ever), against last Year (1156.37 MCum).

- Besides ensuring highest coal production, which has a direct bearing on the flow of revenue to company, Coal inventory as on 01.04.2018 stands at 55.49 Mt against LY 68.42 Mt, thereby resulting into liquidation of 16.88 Mt.

- Five new projects with an annual capacity of 24.85 MTY and a sanctioned capital of Rs 4427.22 crores were approved by CIL and its subsidiaries during 2017-18.

- Five projects with annual capacity 23.36 MTY per annum with a sanctioned capital of Rs 1553.76 crores were completed during 2017-18 till Feb'18.

- 11 coal blocks have been allotted to Coal India Ltd. in its subsidiaries, ECL, BCCL and WCL. These new blocks will help them to produce more than 100 MTA each.

- CIL obtained 21 environment clearances with a total EC of 222.12 MTA in the year 2017-18. This will add about 43 MT to the annual production capacity of CIL during 2018-19.

- In order to customize coal and to meet customer requirements, CIL commissioned two coking coal washeries in BCCL in the year 2017-18.

- CIL has commissioned two major rail infrastructure projects, Tori-Balumath section in Tori - Shivpur division under jurisdiction of CCL and Jharsuguda - Barpali - Sardega section under jurisdiction of MCL which were built on coal deposit basis and are now operational.

- Two new CHP's with Rapid Loading System in Khadia 6 MTPA CHP/RLS, NCL and Bharatpur 15 MTPA CHP/RLS in MCL have been commissioned during 2017-18.

- To synergize its operational processes and further facilitate effective decision making, work order for ERP implementation in CIL is likely to be issued by May'18.

- A draft Vision 2030 document is being finalized with the Subsidiaries, Ministry of Coal & stakeholders in order to make a road map and a way forward for CIL.

Shares of COAL INDIA LTD. was last trading in BSE at Rs.283.5 as compared to the previous close of Rs. 275.4. The total number of shares traded during the day was 134250 in over 1551 trades.

The stock hit an intraday high of Rs. 285.45 and intraday low of 272.75. The net turnover during the day was Rs. 37544912.

Source: Equity Bulls

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