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The state-run coal major announced production and offtake numbers for May 2021 during market hours today, 1 June 2021.On a provisional basis, the company s coal production rose 1.7% to 42.10 million tonnes in May 2021 as against 41.40 million tonnes in May 2020. The coal major s offtake surged 37.6% to 55.10 million tonnes in May 2021 as against 40 million tonnes in May 2020. Sequentially, the company s production rose 0.48% and offtake grew 1.85% in May 2021 over April 2021. Shares of Coal India were up 0.07% at Rs 147.90 on BSE. Coal India is a coal mining company engaged in the production and sale of coal. As of 31 March 2021, the Government of India held 66.13% stake in the company. The PSU miner posted a 21.4% decline in consolidated net profit to Rs 3,084.10 crore on 0.7% increase in net sales to Rs 21,708.27 crore in Q3 FY21 over Q3 FY20. ....
The state-run coal major has incorporated two wholly-owned subsidiaries, CIL Solar PV, for manufacturing of solar value chain (ingot-wafer-cell module) and CIL Navikarniya Urja for renewable energy on date. Coal India is a coal mining company engaged in the production and sale of coal. As of 31 March 2021, the Government of India held 66.13% stake in the company. The PSU miner posted a 21.4% decline in consolidated net profit to Rs 3,084.10 crore on 0.7% increase in net sales to Rs 21,708.27 crore in Q3 FY21 over Q3 FY20. Shares of Coal India slipped 2.35% to Rs 124.80 on BSE. The stock hovered in the range of Rs 123.45 to Rs 126.20 so far. ....
NMDC rose 1.34% to Rs 139.95 after the PSU miner hiked prices of iron ore with effect from Wednesday, 14 April 2021. The prices of lump ore (65.5%, 6-40 mm) soared 18.80% to Rs 6,950 per ton as on 14 April 2021 compared with Rs 5,850 per ton as on 3 April 2021. The prices of iron ore fines (64%, - 10 mm) jumped 10.96% to Rs 5,060 per ton as on 14 April 2021 as against Rs 4,560 per ton as on 3 April 2021. On a consolidated basis, the company reported 53.3% jump net profit to Rs 2,108.05 crore on a 44.9% rise in net sales to Rs 4,355.10 crore in Q3 FY21 over Q3 FY20. NMDC is India s single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines, two located in Chhattisgarh and one in Karnataka. As on 15 January 2021, the Government of India held 68.29% stake in the company. ....
Read more about Coal India declares second interim dividend on Business Standard. The state-run coal major said its board approved a second interim dividend of Rs 5 per share for the financial year 2020-21. ....
Read more about Coal India production skids 7% YoY in Feb on Business Standard. The state-run company s coal production, on a provisional basis, fell 6.6% to 61.9 million tonnes (MT) in February 2021 as against 66.2 MT in February 2020. ....