Thermal coal stocks at 21 Indian ports rose by 3% w-o-w on 4 November, 2023, CoalMint data revealed. During week 44 of 2023, thermal coal stocks at Indian ports stood at 14.27 million tonnes (mnt) as against 13.87 mnt in week 43, up 3% w-o-w.
State-run miner Coal India Ltd (CIL) continued its robust performance in terms of coal production in October 2023. CIL‘s production grew by 15% y-o-y to 61.07 mnt in October 2023 as against 52.94 mnt in October 2022.
Balaji Malts witnessed a substantial stock increase at Tuticorin port during the week under review, more than doubling to 0.16 mnt. Similarly, Torrent Power saw a significant rise in coal stocks at Paradip port.
At Navlakhi, Mohit Minerals recorded a significant surge with stocks reaching 0.09 mnt. In contrast, at Krishnapatnam port, stocks of JSW Steel and Energy dropped 40% to 0.10 mnt in the week under review.
Mundra port recorded the steepest rise of 20% w-o-w, with coal stocks reaching 1.16 mnt as against 0.96 mnt last week. Thermal coal stocks at key ports like Paradip (1.30 mnt), up by 3% w-o-w. Similarly, at Dhamra (1.89 mnt) stocks remained largely stable w-o-w. Stocks at Krishnapatnam (1.44 mnt) and Gangavaram (0.94 mnt) dropped by 6% and 20%, respectively in the week under review.
Adani Enterprises has the highest stocks of 4.14 mnt (down 5% w-o-w) at ports as against 4.37 mnt last week. Adani Power has total stocks of 1.66 mnt (up 15% w-o-w) followed by Agarwal Coal at 0.72 mnt (up 2% w-o-w). Tata Steel has total stocks of 0.50 mnt (down 6% w-o-w).
