Healthy traction from Mahanadi Coalfields aids overall CIL volume growthCOALINDIA - 280 Change: -3.85 (-1.35 %)
News:Coal India reported production and offtake volumes for February 2022. Production volume for February 2022 was at 64.3 million tonnes (MT), up 4% YoY, while offtake volume were at 57.4 MT, up 12% YoY. During April 2021-February 2022, production volume was at 542.4 MT, up 5% YoY, while offtake volume was at 599.9 MT, up 17% YoY.
Views: Both for February 2022 as well as April 2021-February 2022, one of Coal India’s subsidiary Mahanadi Coalfields (MCL) reported healthy volume growth, which aided the overall volume growth. MCL’s production volume for February 2022 was at 16.1 MT, up 16% YoY, while MCL’s offtake volume was at 14.5 MT, up 16.3% YoY. During April 2021-February 2022, MCL’s production volume was at 150.6 MT, up 15.6% YoY, while MCL’s offtake volume for the 11-month period was at 160.4 MT, up 21.1% YoY