+
Coal India Q2 Net Profit Rs 84.91 Bn Declares Rs 5.6 Dividend
COAL & MINING

Coal India Q2 Net Profit Rs 84.91 Bn Declares Rs 5.6 Dividend

Coal India reported a profit of Rs 84.91 billion for the October-December quarter of the current financial year, reflecting a 17.5 per cent decline from Rs 102.91 billion in the same period last year.

The company announced a second interim dividend of Rs 5.6 per equity share for the financial year 2024-25, based on a face value of Rs 10 per share. The record date for the dividend has been set for January 31, 2025, with the payment scheduled by February 26, 2025.

For the preceding quarter ending September 30, 2024, Coal India reported a consolidated net profit of Rs 62.89 billion, a 22 per cent decrease from Rs 80.49 billion in the same quarter of the previous year. The company had declared a dividend of Rs 15.75 per share during that period.

As Coal India celebrates its 50th anniversary, it has achieved an 8.7-fold increase in production, from 89 million tonnes (MT) in 1975-76 to 773.6 MT in FY 2024. The company supplies 80 per cent of its coal to coal-based power plants at competitive rates, playing a significant role in keeping power prices low.

Despite a substantial reduction in its workforce, which has dropped from 6.75 lakh employees to 2.25 lakh, Coal India’s production has experienced substantial growth. In December 2024, India’s total coal production, led by Coal India, grew by 5.33 per cent, reaching 97.94 MT compared to 92.98 MT in December 2023. News source: ET Energy

Coal India reported a profit of Rs 84.91 billion for the October-December quarter of the current financial year, reflecting a 17.5 per cent decline from Rs 102.91 billion in the same period last year. The company announced a second interim dividend of Rs 5.6 per equity share for the financial year 2024-25, based on a face value of Rs 10 per share. The record date for the dividend has been set for January 31, 2025, with the payment scheduled by February 26, 2025. For the preceding quarter ending September 30, 2024, Coal India reported a consolidated net profit of Rs 62.89 billion, a 22 per cent decrease from Rs 80.49 billion in the same quarter of the previous year. The company had declared a dividend of Rs 15.75 per share during that period. As Coal India celebrates its 50th anniversary, it has achieved an 8.7-fold increase in production, from 89 million tonnes (MT) in 1975-76 to 773.6 MT in FY 2024. The company supplies 80 per cent of its coal to coal-based power plants at competitive rates, playing a significant role in keeping power prices low. Despite a substantial reduction in its workforce, which has dropped from 6.75 lakh employees to 2.25 lakh, Coal India’s production has experienced substantial growth. In December 2024, India’s total coal production, led by Coal India, grew by 5.33 per cent, reaching 97.94 MT compared to 92.98 MT in December 2023. News source: ET Energy

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?