Coal India jumped 2.89% to Rs 169.20 after the state-run coal major's offtake stood at 56.7 MT in October 2021, up by 11.8% compared with 50.7 MT recorded in the same month last year.
The company's coal production rose by 6.4% to 49.8 million tonnes (MT) in October 2021 from 46.8 MT in October 2020On a sequential basis, the production jumped 22.36% while offtake rose 17.39% in October 2021 as compared to September 2021.
Coal India is a coal mining company engaged in the production and sale of coal. As of 30 September 2021, the Government of India held 66.13% stake in the company.
On a consolidated basis, the PSU coal major's net profit jumped 52% to Rs 3,169.65 crore on 37% increase in sales to Rs 23,293 crore in Q1 FY22 over Q1 FY21.
The company will announce its second quarter results on Friday, the 12 November 2021.
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