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This Article is From Jun 03, 2024

Coal Production In India Spikes 10% In May

Coal Production In India Spikes 10% In May
(Source: Bence Balla-Schottner/ Unsplash)
STOCKS IN THIS STORY
Coal India Ltd.
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Nifty MidSmall India Consumption
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The country's coal production rose by 10.15% to 83.91 million tonnes in May compared to 76.18 MT in the year-ago period. Coal production by state-owned CIL rose by 7.46% to 64.40 MT in May compared to 59.93 MT in the year-ago period, according to the Coal Ministry's provisional data.

Coal India Ltd accounts for over 80% of domestic coal output.

"Additionally, coal production by captive and other entities in May 2024 stood at 13.78 MT (provisional), reflecting a growth of 32.76% from the previous year, which was 10.38 MT," the ministry said in a statement.

Similarly, India's overall coal dispatches in May reached 90.84 MT, up by 10.35% as against 82.32 MT reported in the same period last financial year.

During the reported month, CIL dispatched 69.08 MT of coal, with a growth of 8.50% compared to the corresponding period of the previous fiscal when it was 63.67 MT.

The total stock of dry fuel with coal companies stands at 96.48 MT.

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