(Reuters)
(Reuters)

Coal India third-quarter profit surges 50% on higher production

  • Quarterly coal production rose 2.6% year-over-year to 155.97 million tonnes
  • The figure beat analysts' average estimate of 40.69 billion in profit, according to Refinitiv Eikon data

Coal India Ltd, the world's biggest coal miner, reported a 50.1% jump in third-quarter profit on Tuesday as it benefited from higher coal production.

Its profit for the three months to December reached 45.67 billion($646.5 million), compared with 30.43 billion a year earlier, the company said.

The figure beat analysts' average estimate of 40.69 billion in profit, according to Refinitiv Eikon data.

Quarterly coal production rose 2.6% year-over-year to 155.97 million tonnes.

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