India’s annual coal output up 8.6%, supply up 18.4%
New Delhi (Reuters) – India’s coal production rose 8.6% to 777.2 million tonnes during the year ended March 2022, the government said on Friday, driven by a surge in power demand due to an economic recovery after the relaxation of coronavirus-related restrictions.
India’s coal supply rose 18.4% to 818 million tonnes in the fiscal year 2021/22, the government said, with domestic supply exceeding annual output by 5.2% as consumers dipped into reserves to address higher demand.
India’s power supply rose over 8% in 2021/22, the highest rate of growth in ten years mainly due to a lower base in 2020/21, when consumption was battered by nationwide lockdowns to try to stop the spread of the coronavirus.
The electricity sector accounts for over three-fourths of India’s coal consumption, and coal accounts for nearly 75% of India’s power production.
The energy hungry nation’s coal imports from April 2021- January 2022 fell 16.4% to 173.20 million tonnes, compared with 207.24 million tonnes during the same period the previous year, government data shows.
Imports of non-coking coal, mainly used in power generation, fell 23.3% to 125.61 million tonnes, while imports of coking coal, predominantly used in steelmaking, rose 9.7% to 47.6 million tonnes in the April-January period year over year.
Production by so-called “captive mines,” where end-use of the fuel extracted is restricted for self-use, rose 29.5% to 89.6 million tonnes, the statement said.
The consumption of coal by India, the world’s second largest producer, consumer and importer of the fuel, is set to cross the 1 billion tonnes mark for the first time in the financial year 2021/22.
The government is yet to release official data on the imports of the fuel for the months of February and March.
State-run Coal India (COAL.NS), which accounts for over 80% of the country’s domestic output of the fuel, saw its production grow 4.4% to a record 622.6 million tonnes during the year.