Coal India Shares Rallied Nearly 3 Percent Intraday After August Production - Dollar Advisory & Financial Services

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Monday 4 September 2017

Coal India Shares Rallied Nearly 3 Percent Intraday After August Production

Coal India shares rallied nearly 3 percent intraday after August production and offtake data and the appointment of new CMD.

Coal production for the month of August stood at 37.63 million tonnes, which was ahead of company's target of 36.96 million tonnes, the country's largest coal miner said in its filing.

Even the offtake came in higher than its target at 43.75 million tonnes. The company had estimated offtake for August at 43.09 million tonnes.

This was provisional production and offtake performance of Coal India and its subsidiaries for August.

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