State-owned Coal India Ltd on Monday reported a 47.7 per cent rise in consolidated net profit to Rs 4,558.39 crore for the quarter ended on December 31, 2021, on the back of higher revenue from operations. The PSU's consolidated net profit was at Rs 3,085.39 crore in the year-ago period, Coal India Ltd (CIL) said in a filing to BSE. The consolidated revenue from operations of
India is competing against buyers such as China, the world's largest coal consumer, which is under pressure to ramp up imports amid a severe power crunch.
State BJP chief spokesperson Keshav Upadhye alleged that the Maha Vikas Aghadi (MVA) government's "irresponsible" steps were to blame for the coal shortage.
State-run Coal India Ltd on Tuesday said its board has approved a pre-feasibility report for setting up an integrated aluminium project in Odisha. The miner, in December last year, had got in-principle approval for venturing into aluminium and solar sectors and creation of special purpose vehicles. “CIL in its board meeting held on date had .