Coal India achieves nearly a quarter of its FY25 production target between April-June

China leads the world with 1,118 operational coal power plants, accounting for nearly half of the total. This highlights the country's continued reliance on coal, despite efforts to promote renewable energy sources and reduce air pollution. (Image: Shuttertstock)

State-run Coal India Ltd. has managed to achieve 189.3 million tonnes in production for the April-June quarter, it said in an exchange filing. This is 13.8 million tonnes higher than the corresponding quarter last year, implying a growth of 8%.

While all seven producing subsidiaries of Coal India managed to achieve positive growth, five of them have managed to surpass their respective target. Coal India also had a 100% satisfaction rate in the first quarter.

The total production figure is just under 23% of Coal India's full target for financial year 2025.

Coal India has set itself a production target of 838 MT for financial year 2025. It fell marginally short of achieving its financial year 2024 target of 780 MT. However, that was something that the management had earlier warned of.

For the month of June, Coal India's production increased by 9% from last year to 63 MT.

Led by strong production growth and increased coal loading, Coal India's total offtake or supplies increased by 6% from last year to 198 MT for the April-June period.

Coal India's supplies to coal-fired power plants grew by 4% from last year to 160 MT during the quarter.

On an average CIL loaded 325.7 rakes per day to power sector during the first three months of the current financial year.

Out of the 26 analysts that have coverage on Coal India, 20 of them maintained a "buy" rating on the stock, while three each had a "hold" and "sell" rating respectively on the state-run enterprise.

Shares of Coal India ended little changed with modest gains of 0.4% at ₹474.9. The stock is 10% below its record high of ₹527.