Coal India's revenue from operations comes at ₹26,700 crore in March quarter
Coal India's scrip on BSE ended 2.12% lower at ₹159.20
World's largest miner Coal India Ltd (CIL) on Monday reported a consolidated net profit of ₹4,588.96 crore, a dip of 0.8%, in the quarter ended 31 March, 2021. The company had posted a profit of ₹4,655.76 crore in the year-ago period.
The company's board has approved a final dividend of ₹3.50 per equity share of face value of ₹10 each for the financial year 2020-21, CIL said in a regulatory filing.
The production of CIL during the quarter dropped to 203.42 million tonnes (MT) over 213.71 MT in the corresponding quarter of 2020.
The company's offtake during the January-March period was at 164.89 MT, over 164.33 in the corresponding quarter of 2020.
CIL accounts for over 80 per cent of domestic coal output. The company is eyeing one billion tonnes of output by 2023-24
Coal India's scrip on BSE ended 2.12% lower at ₹159.20.
Moreover, the capital expenditure for FY21 was at ₹13,115 crore, a 109 per cent rise compared to the previous year's capex outgo of ₹6,270 crore.
Procurement of heavy earthmoving machinery at ₹3,453 crore topped the list of capex heads for FY21, followed by land at ₹2,470 crore. Capex in joint ventures, in proportion to CIL's shareholding, like Talcher Fertilizers Ltd and Hindustan Urvarak & Rasayan Ltd accounted for ₹2,194 crore.
Spending on coal evacuation infrastructure like coal handling plants, silos and constructing sidings amounted for ₹1,398 crore while construction of rail corridors and railway lines amounted to ₹1,166 crore.
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