Coal India Gains Over 1% On Rise In Production at 51.7 million tonnes (MT) in November.at the state-owned companyPage Visited: 9
Coal India shares gained more than 1 per cent on the BSE after the state-owned company reported a 3.4 per cent rise in production at 51.7 million tonnes (MT) in November. The company had posted an output of 50 MT in the corresponding month of the previous fiscal, Coal India said in a regulatory filing to BSE. The shares of Coal India touched an intra-day high of Rs 128.30, up 1.5 per cent in early trading on the back of the news development. At 10:15 am, the shares of Coal India were trading at Rs 127.30, up 0.75 per cent on the BSE.
The production in April-November 2020 increased to 334.5 MT from 330.4 MT in the corresponding period of 2019-20, Coal India added.
Coal India accounts for more than 80 per cent of coal output in the country.
The BSE Sensex was trading at 44,482.55, lower by 179.15 points or 0.40 per cent and NSE Nifty was at 13,075.50, down 34.85 points or 0.27 per cent at the time.