The state-run coal major's offtake stood at 57.4 million tonnes (MT) in February 2022, growing 12% as compared with 51.3 MT recorded in the same month last year.
The company's coal production rose 3.9% to 64.3 million tonnes (MT) in February 2022 from 61.9 MT in February 2021.
On a sequential basis, the production fell 0.31% while offtake dropped 5.59% in February 2022 as compared to January 2022.
On a consolidated basis, the PSU coal major's net profit jumped 47.7% to Rs 4556.54 crore on 19.7% increase in net sales to Rs 25,990.97 crore in Q3 FY22 over Q3 FY21.
Coal India is a coal mining company engaged in the production and sale of coal. As of 31 December 2021, the Government of India held 66.13% stake while Life Insurance Corporation (LIC) of India held 11.01% stake in the company.
Shares of Coal India advanced 3.18% to end at Rs 168.65 on Monday, 28 February 2022. The domestic stock market will remain shut today, 1 March 2022, on account of Mahashivratri.
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