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Coal India shares fall 4% in 2 days on August volume dip. What brokerages say
CIL reported sales volumes of 52.1 million tonnes in August 2024, a 12% year-on-year decline, primarily due to weak power demand amid heavy rainfall. Over the July-August 2024 period, volumes dropped by 5.7% year-on-year, suggesting that the decrease wasn't solely due to the monsoon, but also due to broader weak demand putting pressure on CIL's sales.