Monday, July 28, 2008

Coal production in the month of June, 2008

by Jenny Hodge

The state owned Coal India Ltd. (CIL) and Singareni Collieries Company Ltd (SCCL) has registered a growth of about 4.64% in coal production at 31.32 million tonnes as against the AAP target of 34.26 million tones, during the month of June, 2008.

The actual coal production of CIL and SCCL during the the same period last year was 29.93 Million tonnes. Coal dispatches to power sector during June, 2008 was 24.90 million tonnes.

During the month of June 2008, E-auction was held in all coal producing companies of CIL. The provisional result of the E-auction in CIL indicates that during June, 2008 the total quantity offered was 15.592 million tones as against which 4.906 milliontones was allocated. Average floor(notified price) price in June, 2008 was Rs. 946.60 ($23.6) per tonne against the average Bid price of Rs. 1233.49 ($30.8) per tonne indicating a percentage increase of 30.31%.

The CIL allocated the Rohne coal block to M/s JSW Steel Ltd, M/s Bhushan Power & Steel Ltd. and M/S Jai Balaji Industries Ltd on 05.06.08 and Lohara (East) coal block was allocated to M/S Murli Industries Ltd and M/S Grace Industries Ltd on 27.06.08.

 

 

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