Coal India Limited, one of the largest coal producer in the world, posted their quarterly financial report with a consolidated net profit of Rs. 3787 crores in the first quarter of the fiscal year 2019, registering a sharp growth of 61% as against the net profit of Rs. 2351 crores in the previous financial year same quarter.
Coal India Limited, India’s largest state-owned coal producer also reported an increase of 17% in consolidated net revenue of Rs. 25,471 crores whereas the revenue in the corresponding period of the previous fiscal year stood at Rs. 21,774 crores.
Coal India Limited, which accounts for the 80% of total coal output in the country also reported that the coal production in the first quarter of the fiscal year 2019 stood at 136.8 million tonnes (MT) and the offtake was 153.47 million tonnes. CIL whose 78.32% stake is owned by the government of India also recorded an 8.67% increment in expenses which stood at Rs. 19,384 crores.