Coal India Limited (CIL) produced 64.3 million tonnes (MTs) of coal in February, which is about a 4 per cent growth of 61.9 MTs than a year ago. Month-on-month, CIL’s average production grew to 2.3 MTs per day in February. Even after being three days lesser than January, the production in February month was equal with the previous month, the company said in a statement.
- IIT Bombay Sets Up Rs 100 Crore Venture Capital Fund for Startups
- Tata Power Inks MoU with Asian Development Bank for $4.25 Billion
- Innovators Facade Shares Skyrocketed 11% on Securing Orders Worth Rs 110 Crore
- Stocks in Focus: SJVN, Tata Power, Afcons Infrastructure, and Others
- Stocks Under F&O Ban: Adani Enterprises, Aarti Industries, Indraprastha Gas, and Others
CIL’s production at 542.4 MTs during April-February was a historic high for this period. Coal output increased by 27.3 MTs in terms of a year-on-year comparison. “The company wants to post the highest ever production by the end of FY22, going beyond the previous high of 607 MTs recorded in FY19,” a senior executive of the company said. CIL’s off-take in February advanced by 12 per cent to 57.4 MTs against last year. At a volume increase of 85.8 MTs over 514 MTs of the same period the previous year, CIL’s off-take growth during April-February is 16.7 per cent. CIL has been able to liquidate its stock to the tune of 56.7 MTs till February’22.