MONTHLY SUMMARY OF DOMESTIC COAL Comparative Price of Domestic Coal: Power/Non-power. *The price shown in the Chart below is without: (a) Surface Transportation Charges. (b) State specific taxes. (c) Coal company or area wise charges if any. (d) Evacuation Facility Charges INR 50 per tonne w.e.f. 00:00 of 20.12.2017 GCV (Kcal/kg) (Mid-value)
G3-6400-6700
G5-5800-6100
G7-5200-5500
G10-4300-4600
G11-4000-4300
G12-3700-4000
Basic ROM price (Rs./te)
3144/ 3144
2737/2737
1926/2311
1024/1228
955/1145
886/1063
Tentative Ex-Mine Price*
4447/4447
3941/3941
2932/3411
1809/2063
1724/1959
1638/1858
COAL * India's coal stocks breached 100 million tonne (mt) as power demand weakened, leading to lower coal sales since the outbreak of the novel coronavirus. Coal India officials said the company continues to produce around 2.5 mt of coal daily, but less than 2 mt was dispatched to the power sector in the past 15 days which led stocks to pile up drastically in its pitheads. While the coal stocks in the Maharatna company peaked to around 60 mt, coal stocks in power plants rose to 41.41 mt – the highest ever inventory level in the country till date. * Coal India receivables from power companies crossed Rs 13,800 crore in February, increasing almost 71% since April 2019. A set of stategovernment owned power plants from Uttar Pradesh, West Bengal, Andhra Pradesh, Tamil Nadu and Rajasthan are not paying dues regularly on time which has inflated the overall receivables. All this has bloated the total receivables by Rs 5,700 crore this year. * India's coal imports registered a decline of 14.1 per cent to 17.01 million tonnes (MT) in February in the wake of the coronavirus outbreak, as per industry data. The country's coal imports in
36 | CCAI Monthly Newsletter March 2020
February last year stood at 19.82 MT. * Coal India is likely to produce 600-610 million tonnes and sell 590-600 million tonnes this year, about the same as last year. The company needs to raise output by 400 million tonnes to meet its target of 1 billion tonnes by 2024. This requires its compounded annual growth rate to accelerate to 14% from the much slower 3.1% it achieved in the past four years
RAILWAYS * Indian Railways all set for a big boost! Soon, passenger train operations, freight train operations and many other railway areas will get a major uplift. Prime Minister Narendra Modi chaired Union Cabinet recently approved a Memorandum of Understanding (MoU) signed between Piyush Goyal-led Railway Ministry with Germany’s DB Engineering and Consulting GMBH for technological cooperation in the railway sector. According to a Cabinet release, the MoU was signed in the month of February 2020. The Railway Ministry further stated that the MoU for technological cooperation in Railway Sector will enable cooperation in many areas.
