Coal India hits record in sales but disappoints on profit
While Coal India's profit in the September quarter fell nearly 40 per cent, it also saw a record in output and sales.Production rose 8.3 per cent to 113 million tonnes from the corresponding quarter a year before. Sales volume rose 13.6 per cent to 131.6 mt. The performance, say company officials, had "never been seen in the recent past" and could also be the best ever.During August and September, coal supplies to power plants grew by 20 per cent and 21 per cent, respectively, from the same months last year. Supplies to NTPC the largest client, and its joint ventures grew nine per cent. The rise during the quarter was to 38.4 mt, against 35.2 mt during the same quarter last year. "We stepped up production owing to high demand for thermal coal and improved average (rail) rake loading per day by seven per cent, beside despatching through road," said a company official. Average daily loading of rakes in the quarter was 208.8, from 195.2 in July-September last year. This was in the wake .13-11-2017
