Coal India (which is responsible for over 75% of India’s coal output) produced 68 million tons of coal last month. This is up month-on-month by 13.6 million tons (21%) and up year-on-year by 800,000 tons (2%). Previously, Coal India’s output had contracted on a year-on-year basis during eight of the prior ten months. Significant is that 2025, in total, has seen Coal India’s output contract year-on-year by 3%. In comparison, India’s coal-derived electricity generation has contracted by 4.3%.
Offtake (the amount sent to customers) totaled 62.7 million tons, which is up month-on-month by 4.4 million tons (8%) but down year-on-year by 300,000 tons (-1%). Prior to last month, offtake had exceeded production for seven straight months.
Stockpiles have rebounded with offtake finally exceeding production. Coal India's stockpiles now stand at approximately 95 million tons. This is 20 million tons (-17%) less than March’s record 115 million tons, but it is up month-on-month by 5 million tons (6%) and year-on-year by 22 million tons (30%).
