Coal India’s Output, Offtake Slips In May

Coal India Ltd.'s output and offtake fell on year in May, as per provisional figures released by the company on Monday.

The miner produced 63.5 million tonnes of coal in May, down 1.4% from a year ago. Offtake for the month stood at 64.0 million tonnes, marking a 7.8% decline.

In the first two months of the financial year, April-May, Coal India's production dropped 0.5% on year to 125.6 million tonnes, while offtake fell 3.9% to 128.5 million tonnes, the company said in an exchange filing.