Coal India has put the brakes on the double-digit slide in production and offtake in the first three months of the fiscal. The public sector miner has produced 37.36 million tonnes (mt) in July, down 3 per cent compared with the corresponding month a year ago. Production was down 10.9 per cent in April, 11.3 per cent in May and 12.8 per cent in June.
Offtake during July was 43.39 mt, down 6.9 per cent over the corresponding month a year ago. The offtake during April, May and June were down 25.5 per cent, 23.3 per cent and 15 per cent, respectively.
Coal India officials said despite the Covid-induced slowdown and a three-day strike in the first week of July, the miner was able to ramp up its supplies for the month.
