There is good news for the investors of Coal India Limited (CIL). The Coal India Board has approved the payment of second interim dividend of Rs 5 per share for the financial year 2021-22. The company has fixed February 22 as the record date for the second interim dividend. Shares of Coal India closed at Rs 161.70, down 2.91 per cent on the Bombay Stock Exchange on Monday.
Consolidated profit of Rs 4,556 crore to the company
Coal India Limited has reported that it has a consolidated net profit of Rs 4,556 crore in the December 2021 quarter. The company's profit has increased by 48 per cent as compared to the same period a year ago. The company had a profit of Rs 3,084 crore in the December 2020 quarter. The company's sales grew 20 percent to Rs 25,991 crore in October-December 2021. The company's sales stood at Rs 21,708 crore in the same period a year ago. The revenue from operations of Coal India Limited grew by 20 per cent to Rs 28,433 crore. It was Rs 23,686 crore in the same period a year ago.
Coal output up over 6 per cent in January
India's coal output has increased by 6.13 per cent to 79.60 million tonnes in January this year. It was 75 million tonnes in the same period of the year 2020. According to the ministry's provisional data, out of the total production in January this year, Coal India produced 64.50 million tonnes. The growth of 2.35 percent has been registered in the coal production of the state-owned company. Coal dispatch during January 2022 increased by 10.8 per cent to 75.55 million tonnes as against 68.19 million tonnes earlier.
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