Coal India’s (CIL) production grew 6.8% during April to August this year against the same period last fiscal. The company mined 162.86 million tonnes coal during the period against 152.49 million tonnes in the corresponding period previous year.
Besides, the off-take has risen by 5.4% at 181.85 million tonnes during April-August 2012 against 172.48 million tonnes last year. However, both the off-take and production of the state owned firm are below targets. The company has achieved 98% of its production target and 97% of off-take target.
On standalone basis, the company has reported a rise of 0.77% in its net profit at Rs 4576.57 crore for first quarter ended June 30, 2012, as compared to Rs 4541.59 crore for the same quarter in the previous year. Total income of the company has increased by 1.22% to Rs 4910.32 crore for the quarter under review as compared to Rs 4850.88 crore for the quarter ended June 30, 2011.
