The state-run coal major announced production and offtake numbers for May 2021 during market hours today, 1 June 2021.
On a provisional basis, the company's coal production rose 1.7% to 42.10 million tonnes in May 2021 as against 41.40 million tonnes in May 2020. The coal major's offtake surged 37.6% to 55.10 million tonnes in May 2021 as against 40 million tonnes in May 2020.Sequentially, the company's production rose 0.48% and offtake grew 1.85% in May 2021 over April 2021.
Shares of Coal India were up 0.07% at Rs 147.90 on BSE.
Coal India is a coal mining company engaged in the production and sale of coal. As of 31 March 2021, the Government of India held 66.13% stake in the company. The PSU miner posted a 21.4% decline in consolidated net profit to Rs 3,084.10 crore on 0.7% increase in net sales to Rs 21,708.27 crore in Q3 FY21 over Q3 FY20.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU