The rating agency estimates that utilisation of GCMPL’s washeries will improve to around 25 percent in FY22, up from 15 percent in FY21 on account of gradual recovery in India’s power demand, extension of Andhra Pradesh Power Development Co Ltd’s (APPDCL) contract with GCMPL’s Talcher washery till February 2022 and a new contract won by the company’s IB Valley washery.
GCMPL’s washery utilisation declined in FY21 from FY20 level of 42 percent due to reduced demand from thermal power plants amid the ongoing Covid-19 pandemic and delays and non-renewals of contracts for current washeries, India Ratings said.
Incorporated in 1998, GCMPL is engaged in coal beneficiation, transportation and logistics of coal, and coal trading in mineral-rich states, Odisha, Andhra Pradesh and Telangana. It has total installed capacity of 10mtpa distributed amongst its four coal washeries located in Odisha at Talcher (4 mtpa) and IB Valley (3.5 mtpa), and in Telangana at Ramagundam (1 mtpa) and Manuguru (1.5mtpa).
Diese Geschichte stammt aus der June 2021-Ausgabe von Coal Insights.
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Diese Geschichte stammt aus der June 2021-Ausgabe von Coal Insights.
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