SME Times is powered by   
Search News
Just in:   • Sensex ends 321 pts up; auto stocks up  • Pepsi's New Digital Film Brings Back the Joy of GharWaliDiwali  • Vizag Steel Plant may resume production in a month: Naidu  • Major turbine problem at Kundankulam n-plant  • India to develop Chahbahar port in Iran 
Last updated: 27 Sep, 2014  

coal-india-logoTHMB.jpg Coal India net profit up 19 pc in Q2

Coal.9.jpg
   Top Stories
» India lagging in medical research: PM
» 2G Scam: Order on framing of charges on Oct 31
» Chinese firecrackers pose threat to Indian SMEs
» Global factors determine diesel deregulation, gas price
» BJP wins power on own in Haryana; to rule Maharashtra
SME Times News Bureau | 10 Nov, 2012
World's largest coal miner Coal India Limited (CIL) Friday announced an 18.92 percent increase in net profit to Rs.3,080 crore for the quarter ending Sep 30, 2012 from Rs.2,590 crore in the corresponding period a year ago.

The coal major registered about 11 percent increase in net sales during the period under review, from Rs.13,150 crore to Rs.14,570 crore.

The state-run company produced 89.09 million tonnes of coal in the second quarter of this fiscal compared to 80.30 million tonnes during the same period last fiscal.

"Higher volumes, slightly higher realisation in prices and higher receipt from interest income contributed to the higher net profit," Coal India Chairman S. Narsing Rao told reporters here after announcing the results.

The coal behemoth earned a net interest income of Rs.2,930 crore during the said quarter.

Coal offtake during July-September this year went up to 101.59 million tonnes as against 94.02 million tonnes during the same period last year.

Rao said the offtake target for the full fiscal was 470 million tonnes.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
62.30
61.30
UK Pound
101.25
99.00
Euro
79.00
77.10
Japanese Yen 56.90 55.55
As on 21 Oct, 2014
  Daily Poll
Will PM's 'Come and make in India' mantra spur economic growth?
 Yes
 No
 Can't say
  Commented Stories
» Making Indian MSMEs globally competitive(12)
» PM's 'Mann Ki Baat': Govt may ease MSME registration process(7)
» Starting an import export business: Basic guide for beginners(7)
» Late payment: RBI move not enough for SMEs(5)
» Mistakes that can derail your business(4)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter