How coal overuse affect their stock
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The demand for coal is low at this moment and the stock has increased. We need to clear the stock soon", a senior Coal India official told Business Standard.
Coal, if stocked over a period of time starts losing its quality which directly affects its selling price. Also, a higher stock implies lesser storage space for the recently mined coal.
Besides, evacuation of coal has also been a constraining factor limiting the mining potential of this behemoth.
"Evacuation will be addressed over a period of time and work to construct the necessary railway lines has already begun", the official said.
Since November last year, Coal India has been repeatedly missing its offtake target while post December, targets on the production front have been missed.
During August-October, against the total production of 117.75 mt, the coal colossus firm was able to sell 125.44 mt of coal thereby surpassing its target by nearly two percent.
Coal, if stocked over a period of time starts losing its quality which directly affects its selling price. Also, a higher stock implies lesser storage space for the recently mined coal.
Besides, evacuation of coal has also been a constraining factor limiting the mining potential of this behemoth.
"Evacuation will be addressed over a period of time and work to construct the necessary railway lines has already begun", the official said.
Since November last year, Coal India has been repeatedly missing its offtake target while post December, targets on the production front have been missed.
During August-October, against the total production of 117.75 mt, the coal colossus firm was able to sell 125.44 mt of coal thereby surpassing its target by nearly two percent.
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