Profit of this big company of government of india decreased!
The third quarter reports of companies have started coming. Trends of decreasing profits are seen in the reports of most of the companies. Even the profit of a Maharatna company of the government of india is declining. This company is Coal India. The same Coal india, whose coal is extracted to power most parts of the country, Coal India's profit has declined by 17.49 percent in the third quarter.
According to the report, Coal india has made a profit of 8481 crore 22 lakhs in the third quarter. Which is much less than 10,291 crore 71 lakhs during the same period last year. Coal india has earned an income of 35,779 crore 78 lakhs during this period. Which is 1.03 percent less than 36,153 crore 97 lakhs during the same period last year.
Coal production increased by two percent from last year
There may be a decline in the profit and income of Coal India. But in the third quarter of this year, coal production has increased by two percent from the third quarter of last year. Last year, 198.99 million tonnes of coal was produced in this quarter. Which has increased to 202.02 million tonnes this year. mahanadi Coalfield Limited, a subsidiary of Coal india, has produced the highest amount of coal, 60 million tonnes. After this, SECL i.e. South Eastern Coalfield Limited has produced 40.06 million tonnes and NCL has produced 38.39 million tonnes of coal.
Coal India's profit in nine months is 25,709 crores
Coal India's profit in the last nine months was 25,709 crores 57 lakhs. At the same time, Coal India's income was one lakh two thousand 917 crores 27 lakhs. Although Coal india is still in profit. But falling profits are definitely a matter of concern for the economic world. This is the situation when there is a tremendous demand for Coal India's coal. However, due to import of cheap coal from abroad, the supremacy of Coal india has started getting challenged.
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