Coal India board meeting on Nov 10 to consider dividend, Q2 results
Click here! Coal India further said the company has already closed its “trading window" under “the code of internal procedures and conduct for prevention of insider trading in securities of Coal India Limited" from September 23, 2023 and it will re-open on November 14, 2023. Separately, the company in an exchange filing said the supplies to thermal power plants shot up close to 6% to 23.5 million tonnes (MTs) during the first fortnight of October 2023 ahead, of the festive season.
The supplies were 22.2 MTs in the same period of October 2022. Coal India’s total supplies at 28.6 MTs during the first 15 days of October 2023 logged 16% growth compared to 24.6 MTs of the same period in October 2022.
CIL supplied nearly 319 MTs to the country’s coal-fired plants till 15th October FY 2024, which is a 12 MT jump in volume terms compared to 307 MTs of the same period, FY 2023. The 4% growth recorded during this period is at par with the current year’s annual asking growth rate for power plants.
The growth was posted at a time of sudden surge in power demand and even as unseasonal rains hit hard the operations in coal-bearing areas of CIL’s subsidiaries based in the eastern region of the country. "Exciting news! Mint is now on WhatsApp Channels
. Read more on livemint.com
