Coal articles

Coal India net profit surges in Q2

Higher sales and a better realisation have powered the earnings of Coal India for the quarter ended September 30, 2018. The consolidated net profit of the public sector miner for the quarter was Rs 3,084.70 crore against Rs 370.43 crore in the corresponding quarter previous year.

Coal India cuts stocks

Coal India has more than halved its inventory at pitheads by pushing coal to the power plants. The public sector miner has liquidated 34.34 million tones (mt) of pithead coal between April and September bringing down the stock from 55.55mt at the start of the fiscal to 21.21mt as of September end.