Coal India records over 27% YoY increase in April coal production

2 May 2022 , 11:45 AM

Coal offtake during the month was 57.5 million tons, which is higher by 6% as compared with 54.2 million tons recorded in the same period last year.

Coal India is a coal mining company engaged in the production and sale of coal. As of 31 December 2021, the Government of India held a 66.13% stake while Life Insurance Corporation (LIC) of India held an 11.01% stake in the company.

On a consolidated basis, the PSU coal majors net profit jumped 47.7% to Rs 4,556.54 crore on a 19.7% increase in net sales to Rs 25,990.97 crore in Q3 FY22 over Q3 FY21.

The scrip rose 0.35% to currently trade at Rs 183.75 on the BSE.

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