The company’s coal offtake for August 2024 was 52.1 million tones in August 2024, representing an 11.8% decrease from 59.1 million tonnes recorded in August 2023.
For the period from April 2024 to August 2024, the company’s total coal production and total coal offtake aggregates to 290.4 MT (up 3.2% YoY) and 310 MT (up 1.4% YoY), respectively.
Coal India is a coal mining company engaged in the production and sale of coal. As of 30 June 2024, the Government of India held 63.13% stake in the company.
The coal major reported 4.1% rise in consolidated net profit to Rs 10,959.47 crore in Q1 FY25 from Rs 10,528.03 crore in Q1 FY24. Revenue from operations rose 1.59% to Rs 36,464.61 crore in the first quarter of FY25 from Rs 35,893.21 crore recorded in the same period last year.
The scrip shed 0.50% to Rs 522.35 on the BSE.