Coal India Limited (NSE: COALINDIA) is a state-owned coal mining company in India and the largest producer of coal in the world. The company operates through 82 mining areas and supplies coal to various sectors including power, steel, cement, and others. CIL has significant reserves of coal and has a monopoly in the Indian coal industry. Over the years, the company has grown to become one of the largest coal producers in the world and plays a critical role in meeting India’s energy needs.
Coal India reported strong Q3FY23 financial results with a consolidated net profit of Rs 7,755.55 crore, a 70% YoY increase from the same quarter of the previous fiscal. Revenue from operations also saw growth, reaching Rs 35,169 crore, while the PBT stood at Rs 10,593.68 crore, a 68% YoY increase.