Coal output trend: Coal India production drops 9.8% in October; offtake weak amid post-monsoon slowdown – The Times of India

Coal output trend: Coal India production drops 9.8% in October; offtake weak amid post-monsoon slowdown – The Times of India

Coal India Ltd (CIL) reported a 9.8 per cent year-on-year fall in production to 56.4 million tonnes in October, reflecting a continuing slump in operations amid subdued demand and post-monsoon challenges.According to provisional data released by the company on Saturday, coal offtake during the month also declined 5.9 per cent to 58.3 million tonnes, PTI…

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Coal India Q2 results: Profit drops 32% to Rs 4,263 crore; heavy rains hit production – The Times of India

Coal India Q2 results: Profit drops 32% to Rs 4,263 crore; heavy rains hit production – The Times of India

State-owned Coal India Ltd (CIL) on Wednesday reported a 32% decline in consolidated profit at Rs 4,262.64 crore for the September quarter, weighed down by lower sales and rising costs. The Maharatna PSU miner had posted a profit of Rs 6,274.80 crore in the same quarter last year.According to a regulatory filing, the company’s consolidated…

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