Coal India Ltd.

State-run Coal India’s tenure of Non Power Fuel Supply Agreement (FSA) would be 10 years against 5 years fixed earlier. The company, which currently supplies 57 million tonne (MT) of coal to non power consumers, expects coal demand to pick up significantly in Q3 and Q4.  Further, the company estimates only 5-6 MT of coal imports in FY 14.

The company, on consolidated basis, has reported 34.90% jump in its net profit after taxes, minority interest and share of associates at Rs 5413.91 crore in Q4FY13 as compared to net profit of Rs 4013.41 crore in the same quarter previous year. Total income from operation of the company has increased marginally by 1.78% to Rs 22111.07 crore as compared to Rs 21724.99 crore in corresponding quarter last year.

For the full year ended March 31, 2013, the group has posted 17.37% rise in its net profit after taxes, minority interest and share of associates at Rs 17356.36 crore under year under review as compared to Rs 14788.20 crore in FY12. Total income has increased by 10.15% at Rs 77049.43 crore for year under review as compared to Rs 69952.33 crore for the period ended March 31, 2012.