Coal news and updates

State-run Coal India on Monday reported a 14 per cent rise in consolidated net profit at ₹3,522.7 crore for the quarter ended September.The company's net profit stood at ₹3,084.54 crore in the year-ago period, it said in a regulatory filing.Its total income, however, declined to ₹22,012.94 crore in the July-September quarter of financial year 2019-20 from ₹23,486.35 crore in the corresponding period of previous fiscal.Despite the fall in total income, Coal India's net profit increased as its tax outgo declined significantly to ₹754.25 crore from ₹2,031.71 crore in the year-ago quarter. 

 

Source : https://www.livemint.com