Coal India (CIL) has liquidated over 82 per cent of its arrears rakes to non-power sector consumers during the ongoing fiscal. These backlog rakes pertain to 2017-18 and 2018-19.
According to officials, muted demand for the dry fuel from the thermal power stations and comfortable stock position at their end provided a window for the Maharatna coal mining behemoth to bring down the accumulated arrear rakes of the non-power sector consumers.
The backlog arrears for this sector which stood close to 5,140 rakes at the beginning of 2019-20 were cleared by 4230 rakes. “By the end of FY 20, we will be able to clear the rest 900-odd arrear rakes,” stated an official of the company. CIL’s supplies to non-power sector registered a growth of 4.4 per cent at 95.45 million tonnes (MTs) during April-January 2020 compared to 91.47 MTs same period year ago.
The combined coal stock at CIL’s own pitheads and at coal linkage based thermal power plants of the country stands at a comfortable 78.25 MTs. Coal stock at power plants increased to a decade high of 36.36 mts (as of February 24), an average 20 day stock, just two days short of CEA mandated 22-day stock.