Thermal coal stocks at Mundra Port increased by 142% to 1.7 million tonnes (mnt) during the 10-14 April 2022 period, compared to the 13-17 February 2022 period. Adani Power’s coal inventory grew by 512 percent to 0.8 million tonnes during this two-month period, as a strong increase in power demand drove utilities to secure supplies.
Adani Power is in talks with states on extra power purchase agreements (PPAs) as summer approaches and the demand-supply imbalance in coal at power facilities widens. According to data from the Power System Operation Corporation (POSOCO), the country’s power consumption increased by 11% y-o-y to 4.41 billion units (BU) in the first two weeks of April 2022, putting further strain on coal-fired plants.
Thermal coal stock at Kandla Port also recorded a 40% rise in the last two months as inventory of Agarwal Coal rose to 0.2 mnt, while inventory of Friends Impex were at 0.3 mnt among others. At Navlakhi and Krishnapatnam ports, coal stock of major importers, including Adani Enterprise, Green Gold, and JSW Steel, showed a modest rise.
