Coal India Limited faced a significant drop in its market capitalization today as its shares declined by 4.02%, trading at ₹435.90 on the NSE, down from the previous close of ₹454.15. This price decrease has resulted in an approximate market cap reduction of ₹10,820 crore, with the company’s current market cap standing at ₹2,68,633.33 crore.
October Performance and Year-to-Date Progress
In October, Coal India reported a minor year-on-year (YoY) decline in offtake by 0.5%, totaling 61.4 million tonnes (MT), while production saw a 2.3% YoY increase, reaching 62.5 MT, up from 61.1 MT in October 2023.
For the period from April to October, Coal India’s cumulative production reached 403.8 MT, reflecting a 2.5% YoY increase and achieving 48% of its ambitious full-year production target of 838 MT for FY25. Typically, Coal India’s production is lower in the first half of the fiscal year due to the monsoon season, with an increase expected in the latter part of the year.
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