Coal India produced 126.2 million tons of coal during April-May period, up 7.4 per cent from 117.5 million tons during the same period previous year.
State-owned Coal India and its subsidiaries recorded coal production of 64.4 million tons in the month of May 2024 in comparison to 59.9 million tons in May 2023, posting a growth of 7.5 per cent. It also announced that it produced 126.2 million tons of coal during April-May period, up 7.4 per cent from 117.5 million tons during the same period previous year.
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Meanwhile, coal offtake increased to 68.2 million tons during the month of May as against 63.7 million tons during the same period last year, recording a growth of 7.2 per cent. The total offtake of coal during the April-May period increased to 132.3 MT, up 5 per cent from 125.9 MT in the corresponding period last fiscal.
Coal India released the provisional and off-take performance of the company and its subsidiary companies for the month of May 2024 and for the period April- February 2024 in a regulatory filing.
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CIL had reported a production of 61.8 million tonnes in the month of April, posting an increase of 7.3 per cent on-year. The company’s coal offtake was at 64.3 MT during April, over 62.3 MT in the year-ago period, up 3.2 per cent.
CIL accounts for over 80 per cent of domestic coal production.
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Earlier last month, CIL reported its fiscal fourth quarter earnings with profit growth of 26 per cent to Rs 8,640.5 crore from Rs 6,869.5 crore recorded in the year-ago period. There was a rise in CIL’s bottom line despite its revenue from operations falling nearly 2 per cent to Rs 37,410.4 crore in the quarter under review as against Rs 38,152.3 crore in the same quarter last year.
