Coal India net profit grows by 29% at rs 4,020 cr

Quick Register
User Name:
Human Verification

Go Back   UNP > Chit-Chat > News

UNP Register


Old 24-Nov-2010
Coal India net profit grows by 29% at rs 4,020 cr

New Delhi November 24:

State-run Coal India Tuesday reported a growth of 29.06 percent in its net profit at Rs 4,020 crore during the April-September period this year.

The net profit of the company was Rs 3,115 crore during the corresponding period of 2009-10. Net sales of the company was at Rs 22,525.53 crore, a rise of 16.9 percent for the first half of the current fiscal as against Rs 19,269.52 crore recorded in the same period the previous fiscal, Coal India said in a filing to the Bombay Stock Exchange.

The Navratna company, which got listed on November 04 with a premium of 17 percent, has been looking to acquire coal mines abroad and has earmarked Rs 6,000 crore for this purpose in the current fiscal. At present, the company has shortlisted US firms Massey Energy and Peabody Energy, besides Indonesian Novem/Sinarma, for a possible partnership for their respective mines in Australia, Indonesia and the US. Coal India scrip was trading at Rs 321.20 on the Bombay Stock Exchange, which is 3.66 percent down from the previous close.

Post New Thread  Reply

« 24-hr helpline launched for Indian workers in UAE | Blackberry-maker says final solution for BBM interception »