CIL Q1 net surges 52% on back of increased demand
PSU miner Coal India (CIL) on Tuesday reported a 52% increase in its consolidated net profit for the first quarter of the current fiscal at Rs 3,174.14 crore.
The surge in profits came on the back of improved coal supplies to the power sector, increased realisation from e-auction sales and an overall higher appetite for coal from the start of the fiscal compared with the demand situation during the corresponding period last fiscal.
