SME Times is powered by   
Search News
Just in:   • Forex reserves up USD 4.26 bn  • Iran, P5+1 'not close to agreement': Iran  • Tax offices to remain open today  • US economic growth slows in fourth quarter  • Telecom regulator seeks views on framework for OTT services 
Last updated: 27 Sep, 2014  

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

Coal.9.jpg
   Top Stories
» Three nation tour focused on economy: PM
» Jaitley for plastic currency to curb black money
» Govt to announce new Foreign Trade Policy on April 1
» Corruption, Terrorism, Maoism major problems for business: Experts
» Food additives market to grow 12 pc CAGR
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
62.80
61.80
UK Pound
96.70
94.55
Euro
71.90
70.15
Japanese Yen 52.90 51.70
As on 28 Mar, 2015
  Daily Poll
Do you agree that Jaitley's Union Budget 2015-16 has neglected the SME sector?
 Yes
 No
 Partially Agreed
  Commented Stories
» Mass awareness key to success of MSME programmes(11)
» Starting an import export business: Basic guide for beginners(8)
» More SMEs getting aware of CGTMSE scheme: Minister(2)
» Capital ceiling to be raised to qualify as SME(2)
» Exports documentation gets easier(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter