Progressively CIL's production soared to 229.1 MTs till July 2023 in the current financial year achieving 99% target satisfaction. The production is almost on track with the asking growth rate of the year. Marking a 22.2 MTs increase in volume terms CIL logged 10.7% growth compared to 207 MTs of April-July 2022.

"All our subsidiaries have registered growth over previous FY with SECL coming back strongly with 10 MT production increase. BCCL, NCL, WCL and SECL have sailed past their respective targets progressively till July 2023," said a senior official of the company.

CIL's total supplies peaked to 58.3 MTs in July 23 posting a strong 7.2% growth over 54.4 MTs of July 22. Increase in absolute terms was 3.9 MTs.

CIL said it continues to pump higher volumes of coal to non-power sector (NPS), which at 11.7 MTs in July 2023 grew by a robust 59%. Comparatively they were 7.4 MTs in July 2022.

CIL supplied 201.5 MTs to the coal fired plants of the country till July of the ongoing fiscal year with a comparative growth of 1%.

CIL is a coal mining company engaged in the production and sale of coal. As of June 2023, the Government of India held 66.13% stake in the company.

CIL's consolidated net profit fell 17.33% to Rs 5,533.23 crore in Q4 FY23 from Rs 6,692.94 crore recorded in Q4 FY22. Net sales jumped 17.26% year on year to Rs 35,161.44 crore in Q4 FY23.

The company's board will consider Q1 results on 8 August 2023.