 Online edition of India's National Newspaper Sunday, Jun 14, 2009 ePaper | Mobile/PDA Version |
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KOLKATA: At a time when its parent company has suffered a severe erosion of its bottomline on account of various factors, Central Coalfields, a subsidiary of Coal India, has been able to increase its profit to Rs. 797 crore against an estimate of Rs. 275 crore. A CCL statement issued here said that the main reason behind the substantial increase in profit as compared to estimates was a lower amount of provision required for actuarial gratuity and improvement in coal grades which also helped boost profit. .
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