Coal news and updates

State-owned Coal India (CIL) on Tuesday reported a 52.4 per cent rise in consolidated net profit at Rs 3,169.85 crore for the quarter ended on June 30, 2021, on the back of higher revenue from operations. The company had posted a consolidated net profit of Rs 2,079.60 crore in the year-ago period, Coal India said in a filing to BSE.

 

The consolidated revenue from operations increased to Rs 25,282.15 crore in the April-June period over Rs 18,486.77 crore in the year-ago period, the filing said. However, the consolidated expenses of the company during the quarter increased to Rs 21,626.48 crore over Rs 16,470.64 crore in the year-ago period, the filing said.

 

 

The coal production of the PSU during the quarter ending June increased to 123.98 million tonnes over 121.04 MT in the quarter ended on June 30, 2020. The offtake of raw coal during the quarter ended June 30, 2021 went up to 160.44 MT over 120.80 MT in the year-ago quarter.

 

Source: https://www.business-standard.com/article/companies