Quarterly Result7 May 2025, 05:55 pm
Coal India Ltd Achieves 1% Growth in Coal Production, 3% in OB Removal, and 1% in Offtake in FY 2024-25
AI Summary
Coal India Limited (CIL) has reported a 1% growth in coal production, 3% in overburden (OB) removal, and 1% in offtake in the fiscal year 2024-25. The company has also incorporated a new subsidiary, Coal Gas India Limited, for a coal-to-chemical venture and signed an MoU for clean energy research. CIL commissioned a 50 MW solar power plant and became the preferred bidder for India's first critical mineral asset. The company's Q4 financial performance showed an 11% growth in Profit Before Tax (PBT) and a 12% growth in Profit After Tax (PAT).
Key Highlights
- CIL achieved 1% growth in coal production, 3% in OB removal, and 1% in offtake in FY 2024-25.
- Incorporated Coal Gas India Limited for a coal-to-chemical venture with GAIL.
- Signed an MoU to establish the Centre of Clean Coal Energy and Net Zero in Hyderabad.
- Commissioned a 50 MW solar power plant, the largest for CIL to date.
- Became the preferred bidder for India's first critical mineral asset, Khattali Chotti graphite block.