Coal India’s overall expenditure declined by 3.3 per cent to Rs 54,241 crore in the first nine months of the ongoing fiscal. The company’s composite open cast production increased by 16.1 per cent in the April-December period. The company clocked 6.3 per cent output growth, 9.1 per cent surge in coal off-take and 17.3 per cent increase in Over Burden Removal (OBR) during the third quarter ended December 2020.
In terms of expenditure, employee benefits expenses dropped by Rs 735 crore. These include salaries, performance-related pay of the executives, performance- linked reward of the non-executives and coal mines provident fund contributions.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
