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This is an archive article published on August 15, 2017

CIL consolidated net down 23 per cent

The company reported a net profit of Rs 3,065.26 crore during the year-ago period. Profits during the quarter under review have been much below the market expectations.

Coal India, Coal India profit, Coal India loss, Coal India production, CIL, indian express, business news CIL’s production fell to 118.84 million tonne (mt) from 125.67 mt during the year-ago period.

June 2017 in a backdrop of low revenue realisation from the downgraded mines.

The company reported a net profit of Rs 3,065.26 crore during the year-ago period. Profits during the quarter under review have been much below the market expectations.

CIL’s production fell to 118.84 million tonne (mt) from 125.67 mt during the year-ago period. However, off-take during the quarter increased by 4.18 mt to 137.42 mt. This resulted in a 4.25 per cent y-o-y increase in revenue from operations to Rs 20,567.81 crore.

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