Coal India Ltd.

The Ministry of Environment and Forests (MoEF) has approved Coal India arms' Rs 1750 crore worth mining projects. Coal India’s arm is planning to solely invest Rs 56 crore in Assam mine. Back in May 2013, MoEF had cleared 18 coal mining projects of state-owned Coal India (CIL). 

Coal India reported 22.42% fall in its net profit at Rs 3550.60 crore for the quarter as compared to Rs 4576.57 crore for the same quarter in the previous year. Total income of the company has decreased by 20.68% at Rs 3894.61 crore for quarter under review as compared to Rs 4910.32 crore for the quarter ended June 30, 2012.

On the consolidated basis, the group registered a fall of 16.52% in its net profit after taxes, minority interest and share of profit of associates at Rs 3731.04 crore for the quarter as compared to Rs 4469.26 crore for the same quarter in the previous year.