Coal India Ltd.

Coal India (CIL), the world’s largest coal miner by output, has reported 30% growth in e-auction sales of power-grade coal to 14.65 million tonnes (mt) in the first quarter. The company sold 11.28 mt of coal during the corresponding period last year.

Over and above the volume growth, the average price realisation has also increased in this fiscal. Barring one subsidiary, all coal companies under CIL got better price than last year.

Recently, the company reported provisional production of 33.01 million tonnes in July 2014, as against target of 35.80 million tonnes. The company’s total off-take for the month of July stood at 38.04 million tonnes as against a target of 40.48 million tonnes.

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.