{"id":349541,"date":"2020-05-05T11:09:54","date_gmt":"2020-05-05T05:39:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=349541"},"modified":"2020-05-05T11:09:54","modified_gmt":"2020-05-05T05:39:54","slug":"coal-india-incurs-rs-200-crore-cash-loss-daily","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coal-india-incurs-rs-200-crore-cash-loss-daily\/","title":{"rendered":"Coal India incurs Rs 200 crore cash loss daily"},"content":{"rendered":"<p>Kolkata: Coal IndiaNSE 2.28 % is incurring daily net cash losses of \u20b9190-200 crore as sales are down and customers are delaying payment. Before the lockdown, it managed daily cash profits of \u20b950-60 crore. Executives said the company will struggle to pay for regular expenditure, half of which goes to pay salaries.<\/p>\n<p>In April, sales and production dropped 26% and 11%, respectively, compared to April 2019. Dues from state power companies rose to a record \u20b916,500 crore towards the end of April from about \u20b914,000 crore at the end of March.<\/p>\n<p>Before the lockdown, Coal India\u2019s daily cash earnings hovered between \u20b9260 crore and \u20b9270 crore, including government levies like taxes, cess and royalty. It is now hovering between \u20b930 crore and \u20b940 crore a day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kolkata: Coal IndiaNSE 2.28 % is incurring daily net cash losses of \u20b9190-200 crore as sales are down and customers are delaying payment. Before the lockdown, it managed daily cash profits of \u20b950-60 crore. Executives said the company will struggle to pay for regular expenditure, half of which goes to pay salaries. In April, sales and production dropped 26% and 11%, respectively, compared to April 2019. Dues from state power companies rose to a record \u20b916,500 crore towards the end of April from about \u20b914,000 crore at the end of March. Before the lockdown, Coal India\u2019s daily cash earnings hovered [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[194,130,136],"tags":[],"class_list":["post-349541","post","type-post","status-publish","format-standard","hentry","category-coal-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=349541"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349541\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=349541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=349541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=349541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}