Coal India Q2 results: Profit drops 32% to Rs 4,263 crore; heavy rains hit production
State-owned Coal India Ltd (CIL) on Wednesday reported a 32% decline in consolidated profit at Rs 4,262.64 crore for the September quarter, weighed down by lower sales and rising costs. The Maharatna PSU miner had posted a profit of Rs 6,274.80 crore in the same quarter last year.According to a regulatory filing, the company’s consolidated…