PSU NEWS
Coal India showed its November positive growth
Kolkata: Coal India Limited, one of the largest coal-producing company in the world and a Maharatna public sector undertaking, said its overall takeoff of coal increased by 8 % in November. In Nov 2019 CIL had produced 50 MT of coal, and in the last month, they produced 51.3 million tonnes.
This major increment is encouraged by increased demand for the dry fuel from non-power sectors. therefore the increase in the supply of coal by India to non-power sectors was boost by 46 percent during this month.
"CIL's off-take was 51.3 million tonnes (MTs) in November of the ongoing fiscal, an increase of 3.8 MT compared to 47.5 MTs of the same month last year," CIL mentioned.
"We are reorienting our marketing plans. With the demand from the power sector yet to boom fully we are concentrating our efforts on non-power consumers to expand our sales volume. Till there is demand resurgence from the power sector, we shall follow this, which is helping us," a senior executive of the company said.
Read Also : Air Chief Marshal VR Chaudhari, CAS presented Presidential Awards to 51 IAF personnel
News Must Read
- NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)
- Bank of Maharashtra Q4 results, Net Profit increased by 44.95 percent to Rs 1,218 crore
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender
- LIC cuts stakes in major PSU stocks
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station