Coal India share price NSE: Coal India Ltd NSE: Coal India shares were in focus on Tuesday, October 3, after PSU reported a 12.6 per cent year-on-year (YoY) rise in coal production to 51.4 million tonnes (MT) last month. The supply of coal to the power sector by state-owned Coal India increased 3.4 per cent to 294.8 million tonnes in the first six months of the current fiscal, even as demand for electricity touched record highs in the past two months, the Maharatna firm said on Monday. The counter reeled under pressure and finished at 3.45 per cent lower at Rs 291.75 on NSE. 

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The total amount of coal supplied was 1.8 MT more than the 293 MT demand projected for this period, Coal India (CIL) said in a statement. "Compared to the high base of the same period last fiscal, the volume increase was 9.7 MT, or 3.4 per cent. This could have been higher if the logistics were eased out and intake not regulated by a few consumers," CIL said in a statement. "We were given a supply target of 610 MT to the power sector for FY24. This is about 4 per cent higher than the record 586.6 MT supplied in FY23. We met the prorated demand of coal-fired plants till September-end and expect to meet the annual demand as well," a senior CIL official said.

Here's how the counter traded on Tuesday: 

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