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Coal India reports 9.2% growth in coal production in first 11 months of FY16

03 Mar 2016 Evaluate

Coal India (CIL) has reported a growth of 9.2% in coal production at 477.31 million tonnes (mt) for the first 11 months of this fiscal against the same period last year. The company’s offtake grew by 9.3% to 483.14 mt during the period.

Railway despatches grew by a significant 9.6%, with CIL loading around 211 rakes per day. The daily average is up by nearly 19 rakes (goods train) compared to the same period last year.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.

Peers
Company Name CMP
Coal India 419.00
NMDC 80.69
Ashapura Minechem 518.35
Sandur Manganese 182.00
GMDC 553.15
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