Central Coalfields earns Rs.1.8 bn from e-auctionsOctober 15th, 2008 - 2:44 pm ICT by IANS
Ranchi, Oct 15 (IANS) Public sector firm Central Coalfield Ltd (CCL) has earned Rs.1.8 billion from e-auction in the first half of the current financial year, an official said. “CCL earned Rs.180 crore (Rs.1.8 billion) from e-auction in the first half of the current financial year which ended Sep 30. During same period last year, the earning was around Rs.53 crore (Rs.530 million),” the CCL official told IANS Wednesday.
“Total earnings by the end of the financial year from e-auction sales are likely to be Rs.400 crore (Rs.4 billion),” he added.
CCL posted profit of Rs.2.26 billion in 2007-2008, selling 5.44 million tonnes of coal through e-auction; it hopes to sell around seven million tonnes coal through this route in the current financial year.
A subsidiary of Coal India, CCL posted profits of over Rs.10 billion for three successive years.
- Coal India's net profit up by 12.94 pc in FY11 - May 25, 2011
- CCL posts Rs.1,500 crore profit in 2009-10 - Apr 01, 2010
- Coal shortfall hits steel production in Bengal - Oct 18, 2011
- Strikes cause 1.22 million tonne production loss in CCL - Jan 01, 2010
- NTC land in Gujarat fetches Rs.145.93 crore - Jan 01, 2011
- CCL makes Rs.2.66 billion profit from coal e-auction - Mar 28, 2008
- Central Coalfields loses heavily due to strike - Oct 10, 2011
- Coal India's Q4 profit dips 5 percent - May 28, 2012
- J. Thomas expects to auction over 200 mn kg tea this year - Dec 16, 2011
- CCL's production reaches 48.01 MT in 2011-2012 - Apr 03, 2012
- Karnataka steel industry seeks more iron ore - Sep 29, 2011
- Chinese firm builds 200-million-tonne coal base - Jan 05, 2012
- Nine firms in race for lifting coal from abandoned mines - Jul 28, 2009
- Coal shortage could hit hard power projects - Oct 09, 2011
- Trans Damodar Coal Mining Project inaugurated - Apr 13, 2012