CIL's supplies under e-auction log 31% growth during Apr-Dec 2021

Coal India's (CIL) actual coal despatch under the five e-auction windows at 77.4 million tonnes (MTs) jumped ahead by 37% during April-December'21 compared to 59 MTs corresponding Period Year ago.

Special forward e-auction, the exclusive window meant for power sector, accounted for nearly 28 MTs of the total despatched quantity.

Coal supplied under other e-auction outlets, where predominantly non-regulated sector customers access coal, accounted for 49.5 MTs. Under this category CIL logged a growth of 21% compared to 41 MTs of same period last year and a two-fold increase over 24.4 MTs of comparable period 2019.

The volume increase in supplies under e-auction was achieved even though CIL pumped an all-time high of almost 391 MTs of coal to thermal power plants during April-December'21 clocking 23.3% growth. The increase in absolute terms is 74 MTs. In comparison, despatch to power sector was 317 MTs for same period last year.

CIL's total off-take scaled up to 482 MTs during the first nine months of the fiscal in progress registering a year-on-year growth of 18%. The increase in absolute terms was 72 MTs compared to 410 MTs in April-December'20.

CIL has booked a total of 83.7 MTs of coal under its five e-auction categories during April-December'21 - a 2.3 MTs increase over 81.4 MTs of corresponding period last fiscal.

During the fourth quarter of the current fiscal even if CIL books the same quantity of coal in e-auctions that it did during same quarter previous fiscal, which was 42.6 MTs, the company would still sail past the record high e-auction allocation of 124 MTs achieved in 2020-21.

The premium over notified price in e-auctions increased almost four-fold to 58% during April-December'21 compared to 15% of same period last year.

Even after supplying record volume of coal to power sector, the despatch to non-power sector during April-December'21 stood at 91.1 MTs which is almost at par with 92.2 MTs of same period last year. Compared to April-December'19 the growth in supplies to non-regulated sector consumers is 11.5%.

Shares of Coal India Limited was last trading in BSE at Rs. 160.80 as compared to the previous close of Rs. 163.60. The total number of shares traded during the day was 205541 in over 2517 trades.

The stock hit an intraday high of Rs. 165.50 and intraday low of 160.40. The net turnover during the day was Rs. 33518837.00.

Source : Equity Bulls

Keywords

CoalIndia INE522F01014 eAuction Growth Supplies