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Coal India’s arm incurs losses of Rs 60 crore due to strike

09 Jan 2019 Evaluate

Coal India’s subsidiary -- Mahanadi Coalfields (MCL) incurred losses of Rs 60 crore on the first day of the two-day strike. Coal production of MCL, which is currently going at an average of 4.65 lakh tonne a day, is likely to plunge further from its negative growth of 0.87 per cent to around 1.31 per cent during current fiscal due to loss of working hours in various mines if the strike continues.

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.


Coal India Share Price

438.70 5.80 (1.34%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
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