Tuesday, July 16, 2024
Today’s News

May 2024 Saw a 7.5% Increase in Coal Production in India and a 7.2% Increase in Offtake

In May 2024, state-owned Coal India and its subsidiaries produced 64.4 million tons of coal, up 7.5% from 59.9 million tons in the same month the previous year. Additionally, it declared that it produced 126.2 million tons of coal in April and May, 7.4% more than it did in the same period the previous year (11.7 million tons).

In the meantime, the amount of coal taken in rose 7.2% to 68.2 million tons in May compared to 63.7 million tons in the same month the previous year. Over the April–May period, the total amount of coal offtake rose to 132.3 MT, a 5% increase from 125.9 MT in the corresponding period of the previous fiscal year.

With a reported production of 61.8 million tonnes in April, CIL reported a 7.3% year-over-year increase. The company’s coal offtake in April was 64.3 MT, up 3.2% from 62.3 MT in the same month last year.

More than 80% of the coal produced in the country comes from CIL.
CIL released its fiscal fourth-quarter earnings earlier this month, showing a 26% increase in profit from Rs 6,869.5 crore to Rs 8,640.5 crore during the same period last year. Even though CIL’s operating revenue decreased by almost 2% to Rs 37,410.4 crore in the reviewed quarter compared to Rs 38,152.3 crore in the same quarter last year, the company’s bottom line increased.

Also Read:

To Promote Economic Growth, Saudi Arabia is Fortifying its Industrial Ties with the Netherlands.  

Non-Oil industries Drive GDP Growth in the UAE


Press Release

Letest News


Tuesday, July 16, 2024

Entrepreneur Mirror is a platform with a significant focus on business, technology, startups entrepreneurship, leadership, innovation, content creation, prominent business personalities, and many more across the globe. Further, the company publishes interviews, business content, press releases, articles, etc. 


Copyright © 2024 Entrepreneur Mirror All Right Reserved