Latest News | Coal India Q1 Net Down 55pc to 2,077 Cr

Kolkata, Sep 2 (PTI) Coal India reported a consolidated net profit of Rs 2,077 crore in the first quarter ended June of FY21, a decline of 55 per cent over that of Rs 4,629 crore in the same period last fiscal, as demand for the dry fuel slumped due to the Covid-19 pandemic.

Net sales was Rs 17,007 crore during the quarter under review, which is down by 26 per cent. In the corresponding quarter of FY20, it was Rs 23,223 crore.

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The miner supplied 120 million tonne of coal during the quarter, nearly 20 per cent lower offtake against 153.5 million tonne in the same quarter of the previous year.

Fuel supply to power plants also declined about 30 per cent to 102 million tonne during the quarter against 130 million tonne during the comparable quarter of FY20.

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E-Auction sales was 15.8 million tonne in the period under review against that of 19 million tonne in the corresponding quarter last fiscal.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)