Coal Update - Demand Continues To Far Outstrip The Domestic Production In September: CARE Ratings
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CARE Ratings Research Report
The overall coal production during September 2021 has significantly increased to 51.7 million tonne as compared with 38.9 million tonne in September 2020 and 39.5 million tonne in September 2019, registering a growth of 33% YoY and 31% when compared with September 2019 production.
However, on a month-on-month basis, the coal production saw a decline of around 4%.
This was on account of around 4% lower production by Coal India Ltd. and around 10% lower production by Singareni Collieries Company Ltd. in September 2021 as compared with August 2021.
Production and despatch volumes of coal have been affected due to heavy rainfall in September 2021 across the mining geographies.
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