2 weeks Ago
Coal India (CIL) announced its January-March quarter results for fiscal 2023-24 (FY24) on Thursday, May 2, reporting a rise of 26 per cent to 8,640.5 crore, compared to 6,869.5 crore in the corresponding period last year.
The increase in profit was attributed to cost efficiency and benefits from changes in accounting for stripping activities for open-cast mining. The state-run miner's revenue from operations in the fourth quarter of FY24 rose two per cent to 37,410.4 crore, compared to 38,152.
3 crore in the year-ago period. Coal India accounts for over 80 per cent of the country's domestic coal production. more to come Livemint tops charts as the fastest growing news website in the world to know more.
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