Coal India offtake spurts 37% YoY in May

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.

 

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