Coal India adds over 3% on increase in production reports
NEW DELHI – Shares of Coal India NSE -1.06 % gained 3.4 per cent in early trade Monday as the state-owned coal player reported a 3.3 per cent rise in coal production to 60.2 million tonnes (MT) in December. Coal India Ltd (CIL) had produced 58.3 MT of coal in the corresponding month of the previous fiscal.
The company’s counter touched a high of Rs 150.95 against Rs 146.05 at the previous close on the National Stock Exchange.
Coal India’s output increased 5.3 per cent to 413.6 MT during the April-December period from 392.8 MT in the corresponding period of the previous fiscal, the company said in an exchange filing Saturday. Coal India accounts for over 80% of coal output in the country.
