 "MCL records highest net profit among all CIL subsidiaries")
Coal India arm Mahanadi Coalfields Ltd (MCL) has posted the highest net profit among all the subsidiaries in 2016-17. MCL's profit after tax (PAT) in previous year grew seven per cent from Rs 4207.75 crore to Rs 4491.09 crore.
MCL has contributed 48 per cent to CIL's net profit of Rs 14,000 crore for FY17.
“Despite several operational hindrances, the company witnessed growth in almost all the fields of operations. The company has registered growth in all financials- PBT (profit before tax), PAT, sales, net sales, EPS (earnings before share) as well as physical parameters- coal production, dispatch, over burden removal and
