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Coal India Limited's shares increases 3.45% after the company recoreded its performance, for records in both coal production and supplies. The coal output for the month reached 78.4 million tonnes (MTs), showcasing a year-on-year growth of 9.1%. The company informed, that despite the challenging target of 780 MTs for the fiscal year 2024, CIL produced 610.3 MTs until January, marking a growth of 10.8%.
CIL further reported their commitment to meeting the demands of the power sector, reaching 55 MTs to coal-fired plants. The total off-take for the ten-month period of the fiscal year increased by 47.2 MTs, with a growth rate of 8.3%, totaling 619.5 MTs.
Additionally, the average loading of 315.2 rakes everydayto all consuming sectors set a new record, The loading to power plants also experienced a significant surge, averaging 288.4 rakes per day in January.
The shares were up by 3.45% to ₹421.10 at 3.12 pm on the BSE.
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