Coal India Jan production rises 10% YoY

Coal India announced its production and offtake numbers for the month of January 2020.

Coal India on Saturday said that its total coal production in January 2020 stood at 63.11 million tonnes as compared to 57.21 million tonnes in January 2019, recording a rise of 10.3%.

Coal offtake rose 6.9% to 56.05 million tonnes in January 2020 as against 52.44 million in January 2019.

In Saturday's special budget session, shares of Coal India closed 4.48% lower at Rs 173.70 on BSE

Coal India (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 December 2019, the Government of India held 69.05% stake in the company.

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