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Coal India's Q3 Net up 54 Percent
Tuesday, 14 February 2012, 16:41 IST
Kolkata: World's largest coal miner, Coal India (CIL), posted a 54 percent increase in its consolidated net profit for the quarter ended December 31, at 
40.38 billion from 26.26 billion during the like period a year ago mainly due to price hike.
The Kolkata-based state-run company registered a 21 percent hike in its consolidated net sales at 153.49 billion during the third quarter of this fiscal.
Production during the quarter under review was flat at 114.62 million tonnes compared to 113.77 million tonnes during the same period last year.
The coal major's bottomline increased mainly due to a price increase effected in February 2011.
Source: IANS
40.38 billion from 26.26 billion during the like period a year ago mainly due to price hike.
The Kolkata-based state-run company registered a 21 percent hike in its consolidated net sales at 153.49 billion during the third quarter of this fiscal.
Production during the quarter under review was flat at 114.62 million tonnes compared to 113.77 million tonnes during the same period last year.
The coal major's bottomline increased mainly due to a price increase effected in February 2011.
Source: IANS