Coal India reports 17% drop in net profit; Indian Oil by 77% for Q3FY25
Coal India reported a 17 per cent drop in consolidated net profit to Rs 8,505.57 crore for the third quarter (Q3) of the financial year 2024-25 (FY25).
Coal India reported a 17 per cent drop in consolidated net profit to Rs 8,505.57 crore for the third quarter (Q3) of the financial year 2024-25 (FY25).
A body was recovered on Saturday morning by rescue teams from the rat-hole coal mine at 3 Kilo, Umrangso area, in Dima Hasao district of Assam, an official said.
Public sector undertaking Coal India has deployed a high-capacity pump with a 500 GPM (gallons per minute) capacity to dewater the mine at Assam’s Dima Hasao district where efforts are on to search the trapped labourers.
Bank of India has entered into an MoU with the Coal India Limited, a Maharatna Company for providing Salary account facilities to the employees of Coal India Limited and its subsidiaries.
Coal India is expanding the reach with new hospital partnerships for Thalassemia and Aplastic Anemia Treatments under our CSR initiative Thalassemia Bal Sewa Yojana.
The association said the aluminium industry is highly power-intensive and the current crisis is because Coal India has significantly reduced supplies.
CIL, one of the major suppliers of fossil fuel to the power sector, accounts for over 80 per cent of the domestic coal output. It is eyeing one billion tonnes of output by 2023-24.
Coal India is focusing on ramping up its supplies to pithead based power plants to higher levels. This would influence in cost per unit of power generated coming down.
The coal major posted a 3 per cent decline in production to 37.36 million tonnes in July 2020.
A domestic JV agency had signed a contract agreement with China government owned Shanxi Tiandi Coal Mining Machinery Company on 14 September 2018 for the supply of these mining machines.
