NEW DELHI: The country’s coal stocks are at comfortable levels to meet the demand during the peak summer season, said a senior official from the coal ministry. The official highlighted that the current stock at 143.59 MT (million tonne) as of March 16, 2024, is significantly higher than the 109.24 MT recorded last year for the same period.Pune Investment
Stock at pitheads managed by Coal India Limited (CIL) and Singareni Collieries Company Limited (SCCL) is 82.56 MTGuoabong Investment. Additionally, the National Power Portal reports that coal stocks at power plants with capacities exceeding 189 GW stood at 45.48 MT as of March 16.
Stocks at captive and commercial mines are 10.26 MT, with an additional 5.29 MT stored at PW/GSS/Ports. “We are in a very comfortable position in terms of coal stock in the country,” the official affirmed. “Even though power demand is likely to increase, our production and coal stock are sufficient to meet the demand,” said the official.
The India Meteorological Department (IMD) has predicted a hot summer, with above-normal temperatures and an above-normal number of heatwave days from March to May due to El Nino conditionsVaranasi Wealth Management. This is expected to significantly increase power demand this summer, requiring more coal as 70% of India’s power still comes from coal-fired plants.Hyderabad Stocks
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