Coal India's Strategy Shifts Focus Amid Record Power Demand
Coal India is maintaining sufficient coal stock and has shifted its strategy towards managing supply, despite a lower production target and record-high power demand. The company remains committed to efficient coal movement with support from state governments and railways, ensuring no risk of shortages.
Coal India is ensuring adequate stock levels while shifting focus to supply-side management, even as the country's power demand hits unprecedented highs, Chairman and Managing Director B Sairam stated on Thursday.
Currently holding 130 million tonnes of coal, the company has prioritized maintaining operational balance over expanding production. "We decided to focus on supply-side management since production levels and stock are sufficient," Sairam noted at a coal gasification roadshow.
To address swelling electricity demand, Coal India is enhancing coal movement through collaboration with state governments and the Ministry of Railways. The company's strategy aims to ensure productivity without risking supply shortages, despite the rising expectation of coal consumption reaching 850 million tonnes this year.
(With inputs from agencies.)
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