Coal India Limited (CIL) raised its coal production to 189.3 million tonnes (MTs) in the first quarter ending, June FY 2025. This was 13.8 MTs more in volume terms compared to corresponding quarter of FY 2024 posting nearly 8% growth. Production during last fiscal`s same period was 175.5 MTs. Moving past the target of 189.2 MTs CIL achieved 100 percent satisfaction in Q1 of the current fiscal year. While all the seven producing arms of CIL achieved positive growth, five of them have breached their respective targets. CIL`s output for the month of June 2024 rose to 63 MTs, growing by around 9% over last year`s June when it produced 58 MTs. The month`s output increase in volume terms was a strong 5 MTs. On the back of a strong production growth and increased coal loading, CIL`s total supplies shot up to 198.4 MTs during April-June 2024 with 6% year-on-year growth. The increase of 11.4 MTs in absolute numbers came over a high base of 187 MTs. At a time when the power demand in the country is spiking up, CIL`s supplies to the coal fired plants grew by 4% to 160 MTs during Q1 FY 2025, with a year-on-year jump of 6 MTs. CIL`s off-take to thermal power plants was 154 MTs in the same period of FY 2024. CIL`s supplies to non-power sector at 38.4 MTs logging a 16% growth, during the referred period, were an all-time high for Q1 of any year to date. This sector was supplied 33 MTs in April-June 2023. The growth for the month of June 2024 alone was 23% at 13.4 MTs. On an average CIL loaded 325.7 rakes per day to power sector during the first three months of the current financial year. This was 19 rakes more per day compared to 306.7 rakes that CIL loaded in the first quarter FY 2024 marking a growth of 6%. This includes loading from CIL`s own sidings, private washeries and goods sheds. One rakes corresponds to approximately 4,000 tons of coal. The total average coal loading registered a healthy double digit growth of 10.3% y-oy at 367.2 rakes/day. For the comparative period of last year the same was 333. Coal inventory at CIL`s pitheads stood at 81.5 MTs at the end of the first quarter FY 2025, 40% higher than 58 MTs for the comparative period of last year, providing sufficient buffer to meet any sudden gush in demand. Powered by Capital Market - Live News

Coal India (CIL) in a bid to tap the latent coal reserves of some of its closed and discontinued underground mines has awarded 23 such mines on revenue sharing model to successful bidders of the private sector. The cumulative peak rated capacity of is 34.14 million tonnes/year (MT/Y) while the total extractable reserves are estimated at 635 MT. Earlier, CIL had identified a total of 34 discontinued mines where good quality coal reserves are lying dormant but may not be financially viable for CIL to mine them. CIL has decided to tender and offer these mines to willing private sector players who are prepared to operate and produce the dry fuel and share part of the revenue with CIL. Successful bidder is the one who offers the maximum revenue to the authority, which is the coal company. The minimum revenue to be shared is 4%. The contract period is for a maximum of 25 years. The advantages are conservation of resource, effective substitution of imported coal for non-regulated sector with good quality coal locked up in these mines and provision of livelihood to the local communities where these mines are revived. From environmental point of view there would be no land degradation as the mining infrastructure is already in place. CIL is also identifying few more mines for the purpose to attract wider participation with bid norms relaxed.On the total quantity of coal sold exclusively for coal gasification or coal liquefaction purpose in a year, a 50% on contracted percentage of revenue share of the authority will be provided to the operator. The successful bidder or the mine operator to who the mine shall be handed over on �as is where is� basis, can also utilize the existing infrastructure and project facilities without any additional payment to the authority. In case of a consortium foreign bidders are allowed to participate as second or third members of the consortium, as per Government e Marketplace (GeM) portal. The mine operator shall act as the agency responsible for selling coal mined from these mines at market driven price through an auction process on behalf of the authority. They shall have the freedom to adopt their preferential method of technology and deployment of mining machinery to extract coal from the mines. Of the 34 identified mines, the West Bengal based Eastern Coalfields and Jharkhand based Bharat Coking Coal account for 10 each. Western Coalfields -5, South Eastern Coalfields -4, Mahanadi Coalfields -3 and Central Coalfields 2 add up the remaining.Powered by Capital Market - Live News

Coal India and its subsidiaries achieved coal production of 64.4 million tons in month of May 2024 compared to 59.9 million tons in May 2023, recording a growth of 7.5%. Meanwhile, coal offtake stood at 68.2 million tons in May 2024 compared to 63.7 million tons in May 2023, recording a growth of 7.2%. Powered by Capital Market - Live News

Net profit of Coal India rose 26.29% to Rs 8682.20 crore in the quarter ended March 2024 as against Rs 6875.07 crore during the previous quarter ended March 2023. Sales declined 2.55% to Rs 34263.89 crore in the quarter ended March 2024 as against Rs 35161.44 crore during the previous quarter ended March 2023.For the full year,net profit rose 17.75% to Rs 37402.29 crore in the year ended March 2024 as against Rs 31763.23 crore during the previous year ended March 2023. Sales rose 2.11% to Rs 130325.65 crore in the year ended March 2024 as against Rs 127627.47 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales34263.8935161.44 -3 130325.65127627.47 2 OPM %33.0926.54 -36.8134.66 - PBDT13423.9211429.06 17 55548.0350107.54 11 PBT11430.489569.49 19 48812.6143274.60 13 NP8682.206875.07 26 37402.2931763.23 18 Powered by Capital Market - Live News

Coal India will hold a meeting of the Board of Directors of the Company on 2 May 2024.Powered by Capital Market - Live News