Coal India (CIL) fell 3.2% to Rs 143.75 after provisional coal production dropped 11.3% to 41.43 million tonnes (MT) in May 2020 compared with 46.69 MT in May 2019.
Provisional coal offtake slipped 23.3% to 39.95 million tonnes (MT) in May 2020 as against 52.1 MT in May 2019. The disclosure was made after market hours on Monday, 1 June 2020.The company is yet to declare its Q4 results. CIL's consolidated net profit tanked 14.08% to Rs 3,923.87 crore on a 7.78% drop in net sales to Rs 21,566.41 crore in Q3 December 2019 over Q3 December 2018.
CIL is a coal mining company, which is engaged in the production and sale of coal. The firm offers products, including coking coal, semi coking coal, non-coking coal, washed and beneficiated coal, middlings, rejects, coal fines/coke fines, and tar/heavy oil/light oil/soft pitch.
As of 31 March 2020, the Government of India held 66.13% stake in the company.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app