Coal India’s (CIL) operating performance in August 2023 was robust, with several key highlights:
(i) Production and sales volumes have maintained their highest-ever levels for the fifth consecutive month in FY24 (ii) The revival of volume at SECL has counterbalanced the flat volumes from MCL. (iii) The typical volume dip in Q2 is considerably lower in FY24, thanks to increased rake availability (iv) Aug’23 saw a 61% y-o-y increase in volume to the non-regulated sector (NRS), which is expected to support FSA prices (v) Pithead inventory stands at a 45.3 million metric tonnes due to production ramp-up. Looking ahead, we anticipate that CIL will benefit from operating leverage as a result of higher sales volumes,
