Coal India Q3 net profit slips 14% to ?3,922 crore

coal mine

KOLKATA : Mining major Coal India Ltd on Tuesday reported a 14-per cent year-on-year decline in consolidated net profit for the December quarter at ?3,921.8 crore.

Net sales stood at ?21,566.41 crore during the quarter under review as against ?23,385.43 crore in the corresponding period a year ago, Coal India said in a release.

The Kolkata-based miner realised ?18,015 crore in October-December from fuel supply agreement (FSA) at ?1,411 per tonne.

Average realisation during the quarter was ?1,524 per tonne, the release said.

News Source: livemint

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