CONSUMERS’ PAGE Present Coal Scenario: Coal production figure by national miner Coal India Limited has grown to 64.3 MT in February ’22 from 60.2 MT in the previous month. CIL’s overall production figures this moth has grown by 3.9% compared to the same month last year (61.9 MT). Among the Subsidiaries, NCL has registered highest growth in production on m-o-m basis while ECL has registered the highest decline. In terms of cumulative production figures of CIL for FY 2021-22, the Maharatna Company has produced 542.4 MT which is 5.3% higher than the 515.1 MT produced during the same period of last fiscal. CIL’s coal offtake figure for February (57 .4 MT) declined slightly compared to January (60.7 MT). However, on m-o-m basis offftake for Feb ’22 has grown by 15.7% while the overall offtake for the ongoing fiscal (599.9 MT) has also grown by nearly 17% compared to the last financial year.
Issues faced by both Power and NRS Consumers: 1. Submission for release of various forms of long-pending refunds from different CIL Subsidiaries:
06 | CCAI Monthly Newsletter February 2022
Various forms of refunds from different Subsidiaries of CIL including refund of additional coal value advance, BGs related to financial coverage and performance security, pending credit notes on account of grade slippage, refund of security deposit against expired FSAs etc are pending since long. In case of strapped BGs, consumers are unable to secure required credit
