Coal India Ltd.

Coal India, the world’s largest producer of the fuel, has reported results for the quarter ended September 30, 2011.

The Company’ net profit for the quarter stood at Rs 1080.66 crore. Company’s total income at Rs 1402.97 crore for the quarter under review. On consolidated basis, group has reported a net profit and a total income at Rs 2593.11 crore and Rs 14942.27 crore respectively for the quarter ended September 30, 2011.

State-run Coal India, has posted a lower-than-expected quarterly net profit as a price increase in February failed to boost profitability despite higher-than-expected sales.  The street had forecasted a net profit at Rs 2850 crore for the quarter on net sales of Rs 13090 crore.

Coal India, which produces nearly 80 percent of the coal in India, has been unable to meet growing power demand in Asia's third-largest economy from power and steel projects.