Coal India shares and establishes statistics for supply and output.
The Business Line
Australia
03-02-2024
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Following the release of the company's performance report, which included records for both coal production and supplies, the shares of Coal India Limited saw a 3.45% increase. At 78.4 million tonnes (MTs), the month's coal output represented a 9.1% year-over-year increase. Despite the ambitious goal of 780 MTs for the fiscal year 2024, the business said that as of January, CIL had produced 610.3 MTs, indicating a rise of 10.8%.
CIL also stated that they are committed to fulfilling the needs of the electricity industry, delivering 55 MTs to coal-fired power stations. Over the course of the fiscal year, the overall off-take climbed by 47.2 MTs, or 8.3%, to 619.5 MTs for the ten-month period.