Help Desk -
9717405332, 9599714297, 9810335381

CIL net profit down by over 50% in 7 years as future looks bleak

Coal News - Published on Wed, 20 Mar 2019

Image Source:
Despite being a monopoly player, Coal India’s profits have been falling due to the ever-increasing labour expenses, supply-chain delays as well as spiralling operational costs arising out of the company’s rehabilitation policy. The company has been battling weak financials for nearly a decade and this is likely to hurt its future plans and performance.

In the past seven years, the company’s net worth is down 67 per cent and profit have declined by 54.8 per cent. CIL’s spokesperson did not reply to a detailed query citing model code of conduct.

Source :

Posted By : Rabi Wangkhem on Wed, 20 Mar 2019
Related News from Coal segment