Coal India posts Rs 369 cr net profit in Q2

Average price realisation from e-auction and long-term fuel supply agreements also remained firm

At a time when demand for coal has started picking up and thermal power plants in the country face a severe shortage in their inventory, Coal India, the world’s largest coal mining company, posted a profit of Rs 368.88 crore with net sales recorded at Rs 17,478.52 crore for the quarter ended September 30, 2017.

The net profit and net income in the similar quarter of the last financial year stood at Rs 612.44 crore and Rs 16,788.36 crore, respectively. However, in a filing with the BSE, Coal India said the results are not comparable post the implementation of the Goods and