Coal India’s production rises over to 471 MT in FY25

State-run Coal India Ltd. announced its production and offtake figures for November on Monday, December 2. In November, overall production increased by just 1.7%, reaching 67.2 million tons (MT) compared to the same month last year. For the April-November period, Coal India's total production rose by 24% from the previous year, totaling 471 MT.

This figure represents 56% of the company's overall production target for the financial year 2025, which has been set at 838 MT. Coal India generally reports lower production in the first half of a financial year due to the monsoon months, while output picks up in the later half of the year.

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Offtake for November remained unchanged at 63 million tonnes (MT). For the period from April to November, output increased by 1.5% compared to the same period last year, reaching 492.6 MT. Among Coal India's subsidiaries, Eastern Coalfields experienced double-digit growth, while BCCL, SECL, and NEC recorded a decline in output for November. Mahanadi Coalfields and Northern Coalfields both grew by 7%. None of Coal India's subsidiaries achieved double-digit growth in offtake for November.

Currently, Coal India shares are trading 0.5% higher at Rs 418.4. The stock has risen by 10% so far in 2024, although it has corrected over 20% from its recent high of Rs 543.

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