Power Today |
 
Advertise Here [728 W x 90 H pixels]
Web Exclusive | January 2013

CIL supplies more coal in Apr-Dec 2012

State-run coal producer Coal India (CIL) has so far supplied approximately 26 mn t more coal during Apr-Dec 2012-13. The company has set a target of raising its supply by 37 million tonne (mn t) during 2012-13.

However, the firm has reportedly sold approximately 30 mn t coal through e-auction during April-December 2012, which is less than the auction sales in the comparable period in 2011.

The decline in sales through e-auction may reduce the profit opportunity of the monopoly coal producer by approximately Rs 500-600 crore in 2012-13.

But some analysts feel that this may not impact the company’s profit growth as lower revenues from e-auction will be compensated by a robust growth in overall sales.

With the sharp decline in open market price of coal, industry watchers feel that lower spot sales may not affect consumers – primarily the iron and steel and, cement sectors.

Realisations of Bharat Coking Coal (BCCL) – the only producer of coking coal in the country and a top draw in e-auction - declined from double the notified price to 75 per cent higher than the price paid by power sector.

Also with increasing availability, consumers have become quality conscious. As in September, the quantity sold through e-auction was 3 mn t less than total offerings.

Post your comment
Name:  
Email:    
Comments:  
Verification Code:   Change Image

 

Posted Comment
1 .     Yogesh Says:
17 Oct 2016
I wish to start pvc / pp electric wire unit in Delhi. What kind of information I can get if I subscribe for your magazine

2 .     Sarfaraj Bilakhiya Says:
20 Sep 2016
Pls invite me all auction in gujarat

3 .     k.natarajan Says:
20 Jun 2016
we are doing business developing for solar power ,thermal power , customer supporting and we have 45 mw splar power on hand needs investors..... thanks lot pls call +910842559230 +919842753550


Advertise Here [728 W x 90 H pixels]