Financial
Coal India net profit rises 22.28 percent to Rs 4629.87 cr
KOLKATA. Despite flat sales volume, higher prices drove the Coal India's sales revenue to rise by 3.64 per cent to Rs 23,223 crore Higher despatches to the non-power sector coupled with an increase in washed coal prices helped Coal India post a 22.28 per cent rise in its net profit for the quarter ended June 30, 2019, at Rs 4,629.87 crore.
The company's net profit during the corresponding quarter of the last fiscal year stood at Rs 3,786.44 crore. Despite flat sales volume, higher prices drove the company’s sales revenue to rise by 3.64 per cent to Rs 23,223 crore.
Read Also : ERES-XXXIX incorporated as wholly subsidiary of REC Power Development& consultancy Limited
News Must Read
- Shri. Bikram Ghosh takes charge as Director (Finance) in WCL
- SBI to change debit cards maintenance normal from 1 April, 2024
- NMDC excels at Governance Now 10th PSU Awards
- NTPC Group ties up JPY 30 billion funding from JBIC
- Jabalpur Airport connects Madhya Pradesh to other cities
- Best Organisations for Women title to PowerGrid
- Air India Faces Heavy Fine from DGCA of Rs 80 Lakh
- NCL's mega achievement; surpasses 500 Million Cubic Meters of Overburden
- RailTel bags major order from CDAC worth Rs 36 crore
- ICRA withdraws long term rating of NCDs of ONGC