Coal India Production rises by 7 percent in April
Coal offtake is the amount of dry fuel supplied from the pitheads.
State-owned CIL on Wednesday said in a exchange filing that its production increased 7.3 per cent to 61.8 million tonnes (MT) in April. The company had produced 57.6 MT of coal in the corresponding month of the previous fiscal, as per the information.
CIL accounts for over 80 per cent of domestic coal production. The company's coal offtake also registered a rise of 3.2 per cent to 64.3 MT last month, over 62.3 MT in the year-ago period.
Of the 61.8 MT of coal produced by CIL, a maximum of 16 MT was produced by Mahanadi Coalfields Ltd (MCL) followed by 14.1 MT by South Eastern Coalfields (SECL) and 11.8 MT by Northern Coalfields Ltd among others, in the previous month.
CIL's production increased 10 per cent to 773.6 MT in FY24 but fell short of its production target of 780 MT for the fiscal. The total production of Coal India was 703.2 MT in 2022-23.
News Must Read
- Karnataka Bank Announced record Q1 Net Profit at Rs. 400.33 CR
- NTPC, BHEL shares soar higher amid JV announcement in Budget 2024
- BEL signs tripartite MoU for manufacture of indigenised ammunition
- Goa Shipyard Limited launched first indigenous P1135.6 Frigate
- Chandan Sinha appointed as Non-Executive Part Time Chairman of RBL Bank
- OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin
- Cmde D.K. Murali, IN (Retd.) Joins as CMD of BECIL
- Samir Chandra Saxena Appointed as Director (Market Operation) of GRID-INDIA
- MOIL CMD bags Title 'CEO of the Year'
- ONGC sign MoU with GSI to advance geothermal exploration in Ladakh