Coal India’s Sales, Output Drop In June As Demand Stays Weak

Coal India Ltd. posted a 7.4% decline in coal sales to 60.4 million tonnes in June, while production fell 8.5% to 57.8 million tonnes. April–June despatches fell 4.5% on year to 190.1 million tonnes, and output declined 3.2% to 183.3 million tonnes.

Subsidiary Mahanadi Coalfields Ltd. outperformed peers with sales down just 1.2%. Bharat Coking Coal Ltd. saw a 17.6% drop in sales and 25.2% fall in output.