Coal India share price, on BSE, slipped 2.03 per cent to an intraday low of Rs 367.75 per share, nearing its 52-week low of Rs 361.30, on Tuesday, January 28, 2025
Coal India Ltd (CIL) has acknowledged that the realistic production target for the current fiscal will be 806-810 million tonnes (MT), down from 838 million tonnes, company Chairman PM Prasad said on Friday. CIL production grew 2.2 per cent to 543 million tonnes till December in the current fiscal. But aiming to ramp up production in the remaining days of the fiscal, efforts are on to achieve a growth of around 4 to 5 per cent, he said. "We are targeting a production of 806-810 million tonnes in the current fiscal," Prasad said on the sidelines of the announcement of the 11th edition of the International Mining and Machinery Exhibition (IME 2025). "In the full year, we are targeting to achieve a realistic target of about 4-5 per cent growth," Prasad told PTI. In FY24, CIL produced 773.65 million tonnes, marking an 11 per cent growth over FY'23. He expressed optimism about getting closer to the target, citing the performance of subsidiaries Mahanadi Coalfields, Northern Coalfields
Coal behemoth CIL on Monday reported a 16.9 per cent rise in consolidated net profit to Rs 9,069.19 crore for the December quarter. The company's consolidated net profit stood at Rs 7,755.55 crore in the year-ago period, Coal India Ltd (CIL) said in a regulatory filing. Its consolidated revenue from operations in the October-December period increased to Rs 36,153.97 crore from Rs 35,169.33 crore a year ago. CIL accounts for over 80 per cent of domestic coal production.
The Indian coal ministry expects Coal India to surpass its production target of 700 mln tonnes fixed for the current fiscal
The composite production was 110.40 million cubic metres (M CuM) for July, against 94.4 M CuM in July 2019, CIL said in a statement.
Lockdown impact on volumes, lower e-auction share to hit profits
Further fresh auction of coal mines to private players can also lead to higher competition for Coal India
Its profit for the three months to December reached Rs 4,567 crore ($646.5 million), compared with Rs 3,043 crore a year earlier
Analysts on average had expected the company to post a quarterly profit of Rs 2,662 crore