Coal India - VTAR

Coal India’s output declines amid focus on clearing stockpiles

June 2, 2017 Exports, Mining

Coal India  Ltd.  BSE 1.47 %
COAL INDIA reported a year-on-year production decline for the second straight month and an increase in shipments, reflecting attempts by the world’s biggest producer to cut inventories.

Output fell 4.3 percent from a year earlier to 40.74 million metric tonnes, the lowest in three years for the month of May, the company said in a stock-exchange filing. Shipments rose 1.9 per cent to 46.4 million tonnes.

Source: Economic Times

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