After a year of surplus, coal stocks start to show signs of scarcity
The Central Electricity Authority has officially marked five power stations where coal stocks have reached critical level of which two have been labelled “super critical stock positions,“ in the early signs of a coal shortage in the country after more than a year.
At least 15 power stations have stocks that would last five days or less.
For a pit-head power plant, a critical stock position is attained when coal stacked at its yard is adequate only for four days.
A super critical stocks position is when the coal is not adequate for three days.
For a non-pit-head power plant critical stock position is attained when coal is not enough for seven days and stocks less than enough for four days makes the stock position super critical for such power plants.
“Even if coal stocks at pit-head power plants decline to a few days we do not consider the position alarming as additional coal can be pushed as and when necessary,“ a senior Coal India official said.
Coal India's production falls marginally in October
Coal India Ltd (CIL) on Tuesday reported a marginal fall in its production in October to 43.51 million tonnes (mt) compared to 44.37 mt produced in the corresponding month last year.
According to provisional data, its off-take for the last month stood at 43.04 mt, down marginally from 44.41 mt from in the year-ago month.
During first seven months of the current fiscal, Coal India's production was at 273.57 mt against a target of 307 mt. During this period, the miner's production also fell by a meagre 0.1 per cent compared to 273.91 mt produced in the corresponding period last year.
CIL on Tuesday also said that Indian Oil Corporation Ltd (IOCL), Fertiliser Corporation of India Ltd (FCIL) and Hindustan Fertiliser Corporation of India (HFCL) joined in the joint venture which was formed by the coal miner and National Thermal Power Corporation to revive Sindhri and Gorakpur urea units of Fertiliser Corporation of India.
This joint venture (JV) will also revive the Barauni unit of HFCL and it (JV) will have a revised shareholding pattern.
"In the joint venture agreement, CIL, NTPC and IOCL each will hold 29.67 per cent shares and FCIL and HFCL together will hold the remaining 10.99 per cent shares," the miner said in a regulatory filing to BSE.
Cash cheer for coal PF body
The Coal Mines Provident Fund Organisation (CMPFO) has estimated savings of Rs 26 crore every year on administrative expenses through the linking of Aadhaar with PF accounts.
Coal secretary Anil Swarup, who is also the chairman of the board of trustees of Coal Mines Provident Fund, held a review meeting and urged the CMPFO to expedite the seeding process and improve the computerisation of the fund. The CMPFO is a statutory body under the coal ministry and covers employees and pensioners of the coal industry.
"The process of seeding of Aadhaar with the Coal Mines PF account number is currently going on and the present system of collection of life certificates through 14 nationalised banks could be dispensed with. As a result, service charges of Rs 26 crore a year to the banks can be saved. This is more than one-fourth of our annual administrative expenditure," CMPFO commissioner B.K Panda said.
He said already around 70 per cent of the seeding process on a current base of 4.7 lakh subscribers had been completed and the accounts of the remaining subscribers could be linked with Aadhaar within one month.
After the successful seeding of Aadhaar cards, claims will no longer be required to be sent through employers, bit can come online directly from the beneficiary, Panda said.
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Anurag Singal
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Essel Mining & Industries Ltd
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