Coal India Ltd (CIL), a state-run company and the largest coal producer globally, has received a three-day strike notice from central trade unions. This joint notice, issued by prominent labor organizations including BMS, INTUC, HMS, AITUC, and CITU, has set the stage for a three-day strike starting from October 5 and lasting until October 7, 2023.

CIL, recognized as a "public utility service," plays a crucial role in ensuring uninterrupted coal production and supply to power plants, thereby maintaining India's electricity generation and supply. Concerns have arisen about the potential impact on the nation's coal supply and electricity generation due to the strike notice.

In response, CIL has taken swift action by writing a letter to the Chief Labour Commissioner (Central), seeking intervention and conciliation to address the situation.

During the quarter ending on June 30, CIL reported a 10.1% decline in its consolidated net profit to Rs 7,941.40 crore, primarily due to higher expenses. In the same period of the previous fiscal year (2022-23), the company had recorded a net profit of Rs 8,834.22 crore. Total income for the quarter was Rs 37,521.03 crore, a 4% increase from Rs 36,086.68 crore in the year-ago quarter. Expenses rose to Rs 26,785.68 crore from Rs 23,985.31 crore, marking an 11.67% increase.

Coal India, operating under the Ministry of Coal, is a leading coal producer and supplier in India. Despite the strike notice, shares of Coal India Ltd ended at Rs 284.25, up by Rs 3.25, or 1.16%, on the BSE.