Coal India profit declines 16 per cent in second quarter of FY 2020-21
NEW DELHI: Public sector mining major Coal India Ltd (CIL) on Wednesday reported a 16.3 per cent decline in consolidated net profit at Rs 2,948.12 crore for the quarter spanning July to September 2020.
According to officials, the decline was primarily to a sharp increases in the company’s expenses during the period. The company had posted a profit of Rs 3,522.70 crore in the July-September period of the previous financial year.
