Coal news and updates

CIL Q4 results likely to be subdued

April 11: Coal India Limited (CIL) is likely to report a subdued financial performance for the fourth quarter (January-March) of 2013-14, said a senior official from the company.

"The date of the board meeting to consider the Q4 results is yet to be fixed, but the numbers may not be that good in terms of growth in profit," the official said.

"How can CIL come out with buoyant growth figures if plants are not willing to lift coal?" the official wondered.

"Some consumers like HPGCL, GSEB, WBPDCL etc had not lifted the committed quantity of coal in Q4 of 2013-14 as they had regulated supplies," the official said.

However, the situation has improved significantly since the beginning of April so far as lifting of coal by power consumers is concerned, he observed.