Monsoon touch: Coal India's production drops by 11% in August

New Delhi: Maharatna coal PSU Coal India Limited's coal production dropped 11.9 percent to 46.1 million tonnes (MT) in August, the PSU said.

The company's coal production was 52.3 MT in the corresponding month of the previous fiscal year, Coal India Ltd (CIL) said in a mandatory filing to the bourses.

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However, coal production by the company in the April-August period rose to 290.4 MT, over 281.5 MT in the year-ago period, the filing said.

Coal offtake in August dropped to 52.1 MT, over 59.1 MT in the corresponding month of the previous financial year.

CIL accounts for over 80 per cent of domestic coal output.

Coal India's production rose 10 per cent to 773.6 million tonnes in 2023-24 but fell short of its production target of 780 MT for the fiscal year.

CIL's production was 703.2 MT in the preceding 2022-23 fiscal.

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