Coal India Ltd saw a 4% drop in its stock price following the release of its January production numbers. As of 10:12 AM, the shares were trading 3.78% lower at Rs 370.75.
The state-owned miner reported a 0.8% year-on-year decline in coal output, producing 77.8 million tonnes (MT) in January, down from 78.4 MT in the same month last year.
Despite this setback, CIL remains optimistic about a strong recovery in production for the February-March period, with the management confident in meeting their targets for the fiscal year. Investors will be watching closely for any developments as the company strives to regain momentum.
Coal India shares opened at ₹384.00, with a high of ₹384.15 and a low of ₹366.50. Over the past 52 weeks, the stock reached a high of ₹543.55 and a low of ₹361.25.
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Coal India