Epic Research

Monday, December 17, 2012

Epic Update : Coal India

Coal India’s output declined about 2% in November from a year ago due to cyclone Neelam and holidays on account of festivals. The state-owned miner produced 37.6 million tonne of coal during the month under review, compared with 38.4 million tonne in the November, 2011. However, off-take of coal registered a 4.3 per cent month-on-month increase to 38.56 million tonne. Meanwhile, company’s coal stock at the end of November was 43 million tonne, compared with about 71 million tonne at the beginning of the year.

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