Coal India rises after reporting production & offtake numbers

Coal India was up 1.93% to Rs 291.20 at 12:38 IST on BSE after the company announced production and offtake numbers for the month of October 2017.

The announcement was made during market hours today, 2 November 2017.

Meanwhile, the S&P BSE Sensex was down 24.06 points or 0.07% at 33,576.21.

On the BSE, 3.61 lakh shares were traded on the counter so far as against average daily volumes of 2.76 lakh shares in the past two weeks. The stock had hit a high of Rs 292.20 and a low of Rs 284.75 so far during the day.

Coal India reported production and offtake figures for October 2017. Coal India said that production of the company and its subsidiary companies on provisional basis was 93% of targeted production at 46.14 million tonnes in October 2017. Offtake was 100% of target at 48.28 million tonnes in October 2017.

Coal India's consolidated net profit fell 23.3% to Rs 2351.13 crore on 3.6% growth in net sales to Rs 18404.32 crore in Q1 June 2017 over Q1 June 2016. The company is scheduled to announce Q2 September 2017 results on 11 November 2017.

Coal India is an organized state-owned coal mining corporate.

Powered by Capital Market - Live News