Coal India Profit Jumps 57% on Higher Sales and Prices
Coal India reported a 57% jump in profit, helped by higher offtake and prices. Input costs rose 20% during the quarter, which took some of the gain away. The numbers show the company earning more even as its costs climbed.
Context
Context: Coal India is a state-owned firm and the country's largest coal miner, supplying most of the coal used by power plants. Its results matter for India's electricity costs.
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