S Bhattacharya, CMD, Coal India on Friday said that coking coal requirements are still not being met by India. Speaking with ET Now he said, “We ended the year with sufficient coal stocks with company, power plants. Coking coal is exclusively available in Jharkhand”. He further said that Coal India is looking at how coal can be converted into chemicals, clean coal usgae. He also said that e-auction is the most transparent way to access coal.
Earlier this month CIL reported a 22 per cent decline in consolidated net profit at Rs 2,884.4 crore for the third quarter ended December 31. Net profit came in at Rs 3,718 crore in the same quarter of the previous fiscal, Coal India (CIL) said in a regulatory filing. However, the company’s total income rose to Rs 21,531.2 crore in the quarter under review from Rs 20,928.4 crore in the same period a year ago. Read More…
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