Coal India on Wednesday said that its total coal production in December 2019 was 58.02 million tonnes as compared to 54.14 million tonnes in December 2018, recording a rise of 7.2%.
Coal offtake rose 1.9% to 53.63 million tonnes in December 2019 as against 52.61 million in December 2018.
Shares of Coal India were down 1.09% at Rs 209.6. The stock currently trades above its 50-day moving average (DMA) placed at 202.4, but below its 200 DMA placed at 220.45.
Coal India's consolidated net profit rose 14.2% to Rs 3,522.70 crore on 6.9% decline in net sales to Rs 18,986.50 crore in Q2 September 2019 over Q2 September 2018.
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 30 September 2019, the Government of India held 69.33% stake in the company.
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