Friday, May 14, 2021
Home Business BUSINESS:Reported growth in mining and power generation in the second quarter of...

BUSINESS:Reported growth in mining and power generation in the second quarter of the current financial year.

National miner Coal India Ltd and state-owned NTPC Ltd, India’s largest power generator, reported growth in mining and power generation in the second quarter of the current financial year.

CIL recorded a 10 per cent growth in both production and offtake in July-September compared to the same period last year.

In the first quarter, CIL reported 0.1 per cent growth in production.
CIL officials said the company registered its highest growth in September: a 31.6 per cent rise in production and 31.7 per cent in offtake.

Supplies to power and non-power sector consumers and rake loading also registered growth, said an official.

“Now that we broke the growth jinx in output and off-take, which were weighed down by the pandemic induced slowdown, we expect to better our performance in the ensuing months.

“We aim to reclaim as much of the lost ground as possible during the rest of the fiscal,” said a senior official of the company, adding that the H2 performance is usually higher in terms of production and supplies.

NTPC’s growth in power generation was 13.3 per cent in Q2, compared to the same period last year.

During the first quarter, NTPC’s generation fell by 12.1 per cent over last year, mostly owing to the country-wide lockdown and bulk electricity buyers shutting shops.
NTPC said in a statement the power generation in first half of the current financial year from April to September 2020, was 145.87 BU, higher by 0.4 per cent than the same period last year.

While the country opens up after a lockdown to contain the coronavirus and industries resume operations, growth in power demand remains negative.

The peak power demand growth in September, was lower by 1.33 per cent over last year.

The negative growth has however narrowed down from lockdown months when it fell as much as 24 per cent in April.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

The corona warrior is given a cowboy safety kit

Koraput: Kovid fighters working on the Chhattisgarh and Andhra Pradesh border have been provided with various kovid security items by the district emergency office,...

At Kovid Hospital, the young journalist opened up about the food crisis.

A few days back in Malkangiri, the district's Kovid Hospital was accused of negligence and death in treatment, which was denied by the health...

Gajapati District R. Udayagiri Rural Development Department Junior Engineer Corona dies at Berhampur Bada Medical

Paralakhemundi: Prashant Nayak, a junior engineer in the Udayagiri Rural Development Department's office in Gajapati district's Ra Udayagiri, died on Sunday at around 7...

Six people were killed and three others were injured in the lightning strike.

Damanyodi: Two cows and two cows of Lada Chalan and Jhannaguda of Jhanaguda village under Koraput block Dumuripadar panchayat were killed in a lightning...

Recent Comments