Coal India Ltd’s or CIL’s consolidated income from bank interest and other investment sources is likely to fall further this year following the Maharatna’s proposal to buy back shares worth Rs 1,050 crore.
On a consolidated basis, the coal miner usually earns more than Rs 4,600 crore every year as interest from various banks, dividend from mutual funds, rental income as well as profit from sale of assets, among others.
Writeback of provisions and liabilities made in the earlier years that are no longer required are also considered other income.
