Slow Growth
Coal India Dec provisional output rises for third month in row, up 0.7% YoY
This story was originally published at 13:23 IST on 1 January 2025
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--Coal India Dec provisional production 72.4 mln tn, up 0.7% on year
--Coal India Dec provisional offtake 68.6 mln tn, up 2.5% on year
--Coal India Apr-Dec provisional output 543.4 mln tn, up 2.2% on year
--Coal India Apr-Dec provisional offtake 561.2 mln tn, up 1.6% on year
MUMBAI – Although provisional figures show Coal India Ltd.'s production rose for the third consecutive month in December, the growth was the slowest in these three months. Coal India produced 72.4 million tonnes coal in December, up 0.7% on year, according to provisional figures released by the company. The company's production rose 1.7% in November and 2.3% in October, after it fell 1% in September.
The coal offtake in December was 68.6 million tonnes, up 2.5% from a year ago, the company said in an exchange filing Wednesday. The company's provisional coal output for Apr-Dec rose 2.2% on year to 543.4 million tonnes, and the provisional offtake for the period rose 1.6% to 561.2 million tonnes.
Out of the eight subsidiaries, Mahanadi Coalfields Ltd., had the highest provisional coal production and offtake for both December and Apr-Dec. Mahanadi Coalfields recorded a provisional production of 21.5 million tonnes in December, and a provisional offtake of 19.5 million tonnes. For Apr-Dec, the subsidiary recorded provisional output of 161 million tonnes, up 10.6% on year, and of 158.8 million tonnes, up 8.6% on year.
Other subsidiaries South Eastern Coalfields Ltd., Central Coalfields Ltd., and Western Coalfields Ltd. reported a decline in their coal offtake during December. Bharat Coking Coal Ltd. and South Eastern Coalfields reported a decline in coal production, according to the provisional data.
Coal India reported a consolidated net profit of INR 62.89 billion for the September quarter on consolidated revenues of INR 306.73 billion. At 1229 IST, shares of the company traded at INR 387.40 on the National Stock Exchange, up 0.9%. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Aman Aryan
Edited by Deepshikha Bhardwaj
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