CIL’s consolidated net profit spikes 26% to Rs 8,640.5 crore for Q4FY24
The CIL had reported a net profit of Rs 6,869.5 crore in the year-ago period.
The CIL had reported a net profit of Rs 6,869.5 crore in the year-ago period.
The overall annual coal production has surged from 565.77 MT in FY 2013-14 to 893.19 MT in FY 2022-23, witnessing a massive growth of 57.87 per cent over the last ten years.
Coal India Limited (CIL) is scheduled to sign agreements with three other major public sector undertakings - Bharat Heavy Electricals Limited (BHEL), Indian Oil Corporation Limited (IOCL) and GAIL (India) - next week for setting up four Surface Coal Gasification (SCG) projects.
According to a senior officer of the Coal Ministry, growth in supplies to NPS customers was at a higher rate than the supplies to the power sector during this period.
“In order to expedite the process for conducting auctions and to carry out more rounds of the auction in a year, Centre has planned a mechanism of rolling auctions of coal mines,” he said.
