BENGALURU: State-run Coal India Ltd’s quarterly profit more than doubled as production and offtake volumes at the world’s largest coal miner increased due to higher power demand amid elevated global prices.
Consolidated net profit for the quarter ended September 30 rose to 60.44 billion rupees ($737.88 million) from 29.37 billion rupees a year earlier, the company said on Monday.
Its quarterly coal production jumped 10.6% to 139.2 million tonnes, while output for the April-September period climbed 19.7%.
