Coal India Ltd.

Coal India’s (CIL) has reported 5.5% rise in its coal sales to 142 million tonne in the April-July period of current fiscal compared to the corresponding period last year. The company produced 127.49 million tonne of coal during the period but sold 142 million tonne after it liquidated a record 14.50 million tonne coal from its built up stocks at pitheads.

The company started the financial year with pithead coal stock of 69.17 million tonne which is now reduced to 54.66 million tonne as on July 31, 2011. The company was able to reduce its stock through off-take to the tune of 4.62 million tonne in the month of July alone. Against a coal production of 31.18 million tonne in July the company's off-take was 35.80 million tonne. CIL had also declared the fiscal 2011-12 the 'Year of Off-take' in an effort to increase its coal supplies and reduce the pithead stocks.