Coal India’s sales rise for first time in six months on gas crunch, summer demand
New Delhi, April 1 (Reuters): Coal India’s (COAL.NS), sales in March grew for the first time in six months, the company said on Wednesday, indicating a ramp-up in coal stocks ahead of peak summer amid a shortfall in gas supply due to the U.S.-Israeli war against Iran. Coal India’s offtake, or sales to customers, rose 0.7% to 69.5 million tons in March, despite a 1.5% drop in its provisional output to 84.5 million tons, the company said in a stock exchange filing. The state-run company accounts for over 80% of the country’s production and is the world’s largest coal miner