Coal India’s stock surges by more than 2% on the rise in production, sales

On a year-on-year basis, in November 2018, the monthly production of government coal mining company Coal India increased by 1.6% to 5.20 million tonnes.

coal india

In the same period of 2017, the company produced 5.12 million tonnes. During this, Coal India’s total trade reached 5.07 million tonnes with an increase of 0.6% to 5.10 million tonnes.

In the April-November period of the current financial year, production of the company increased by 8.8% to 35.83 million tonnes from 32.92 million tonnes and the total trade increased from 36.79 million tonnes to 6.5% to 39.18 million tonnes. A good buy is being made in the shares of Coal India on the back of increase in sales and production.

Coal India’s share in the BSE stands at Rs 246.45 against the last closed level of 244.30 rupees and remains in green mark. After touching an upper level of around Rs 251.95 at 11 a.m., the shares of Coal India, around 11.30 pm, are trading at Rs 248.90, with an increase of 4.60 rupees or 1.88%.

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