Coal India Reports Decline in October Production and Off-Take
Coal India Limited (CIL) experienced a decrease in both coal production and off-take for October. Coal production fell by 9.80% to 56.40 million tonnes, while off-take declined by 5.90% to 58.30 million tonnes compared to the same month last year. The April-October period also showed a downward trend, with production down 4.50% and off-take down 2.40% year-over-year. Mahanadi Coalfields Limited remained the top producer among subsidiaries despite a 12.50% decrease in October production. Additionally, Shri Sanoj Kumar Jha has been appointed as the Chairman-cum-Managing Director of Coal India Limited on an additional charge basis, effective November 1.

*this image is generated using AI for illustrative purposes only.
Coal India Limited (CIL), the state-owned coal mining behemoth, has reported a decrease in both coal production and off-take for October, according to the company's latest provisional performance data.
Production and Off-Take Performance
| Metric | October | October Previous Year | Change (%) |
|---|---|---|---|
| Coal Production (million tonnes) | 56.40 | 62.50 | -9.80 |
| Coal Off-Take (million tonnes) | 58.30 | 62.00 | -5.90 |
The company's coal production in October stood at 56.40 million tonnes, marking a 9.80% decrease from the 62.50 million tonnes produced in the same month last year. Similarly, coal off-take, which represents the amount of coal supplied to consumers, declined to 58.30 million tonnes, down 5.90% from 62.00 million tonnes in October of the previous year.
Year-to-Date Performance
For the period from April to October, Coal India's performance also shows a downward trend:
| Metric | Apr-Oct Current Year | Apr-Oct Previous Year | Change (%) |
|---|---|---|---|
| Coal Production (million tonnes) | 385.50 | 403.80 | -4.50 |
| Coal Off-Take (million tonnes) | 415.30 | 425.60 | -2.40 |
The cumulative coal production for the first seven months of the fiscal year decreased by 4.50% to 385.50 million tonnes, compared to 403.80 million tonnes in the same period last year. Coal off-take for this period also saw a decline of 2.40%, reaching 415.30 million tonnes against 425.60 million tonnes in the previous year.
Subsidiary Performance
Among Coal India's subsidiaries, Mahanadi Coalfields Limited (MCL) remained the top producer, despite experiencing a 12.50% decrease in October production. Northern Coalfields Limited (NCL) and South Eastern Coalfields Limited (SECL) showed resilience, with their April-October production figures slightly increasing by 2.40% and 1.10% respectively, compared to the same period last year.
Management Changes
In a separate announcement, Coal India informed that Shri Sanoj Kumar Jha, IAS, Additional Secretary, Ministry of Coal, has been appointed as the Chairman-cum-Managing Director (CMD) of Coal India Limited on an additional charge basis. This appointment is effective from November 1, for an initial period of three months or until further orders. Shri Jha takes over from Shri P.M. Prasad, who retired upon reaching the age of superannuation.
The decline in both production and off-take figures may raise concerns about Coal India's performance in the coming months. Investors and industry observers will likely be watching closely to see how the new leadership addresses these challenges and steers the company forward in the dynamic energy sector.
Historical Stock Returns for Coal India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.03% | -2.05% | +1.36% | +0.77% | -12.35% | +233.52% |
















































