Coal India sets 788 MT production, 765 MT offtake; rules out price cut

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Coal India sets 788 MT production, 765 MT offtake; rules out price cut - Business Standard

Quick Summary:

Coal India Limited (CIL) is expecting a production of 788 million tonnes (MT) and an offtake of 765 MT for the current fiscal year ending March 2025, its chairman P M Prasad said on Monday.

Speaking at a mjunction organised Coal market conference the chairman attributed the slowdown in offtake to a rake shortage in large mines, but remained optimistic about growth in the coming months.

Both production and offtake are expected to grow by 1.5 per cent this year, based on current estimates against 10 per cent and 8.5 per cent growth, respectively, last year.