Coal news and updates

India Cements’ third quarter net loss at Rs 11.68 crore

February 12: India Cements Limited, on February 11, reported a net loss of Rs 11.68 crore for the third quarter (October–December) against a net profit of Rs 0.42 crore recorded in the same quarter a year ago.

For the first nine months of 2014-15, net loss of the company widened to Rs 7.15 crore, from Rs 5.29 crore in the corresponding period of 2013-14.

During the quarter under review, the company's net sales dropped to 1,040.22 crore from Rs 1,135.71 crore recorded in the corresponding period of the previous year.