State-run
Coal India on Tuesday reported a growth of 29.06 per cent in its net profit, at Rs 4,020 crore during the April-September period this year.
The net profit of the company was Rs 3,115 crore during the corresponding period of 2009-10.
Net sales of the company was at Rs 22,525.53 crore, a rise of 16.9 per cent for the first half of the current financial year, against Rs 19,269.52 crore recorded in the same period last year, Coal India said in a filing to the Bombay Stock Exchange.
The Navratna company, which got
listed on November 4 with a premium of 17 per cent, has been looking to acquire coal mines abroad and has earmarked Rs 6,000 crore for this purpose in the current year.
At present, the company has shortlisted US firms Massey Energy and Peabody Energy, besides Indonesian Novem/Sinarma, for a possible partnership for their respective mines in Australia, Indonesia and the US.
Coal India scrip was trading at Rs 321.20 on the Bombay Stock Exchange, 3.66 per cent down from the previous close.
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