Coal India cuts expenses by Rs 1.8k cr in first 9 mnths of FY21

Kolkata: Coal India (CIL) reduced its overall expenditure by Rs 1,838 crore or 3.3% during the first nine months of the ongoing fiscal, ending December 2020, even as the company’s composite OC production increased by 16.1% during the period. This is the sum of the overburden (OB) excavated and coal produced through opencast mines.
CIL’s overall expenditure dropped to Rs 54,241 crore, during the referred period, from that of Rs 56,079 crore for the same period year ago, the decrease being 3%.
CIL’s expenditure climbed down while the company clocked 6.3% output growth, 9.1% surge in coal off-take and 17.3% increase in overburden removal (OBR) during the third quarter ended December 20.