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Total income from operations declined by 14 per cent to Rs 5,325.57 crore in the October-December quarter 2015-16 compared to Rs 6,197.96 crore in the year-ago period.
State-run miner Coal India on Monday said it acheived a production of 52.86 million tonnes coal in January, lower than the target of 56.18 MT for the month.
Tyre Corporation of India is among the public sector units that had earlier been cleared for revival through the joint venture or disinvestment route.
The cabinet also approved the payment of performance-related pay (PRP) to executives and non-unionised supervisors of CIL and its subsidiaries.
Net profit came in at Rs 3,262.5 crore in the same quarter of the previous fiscal, Coal India (CIL) said in a filing to BSE.
The Cabinet had last week approved 10% stake sale in Coal India. As many as seven merchant bankers had bid for managing the disinvestment of CIL.
Fall in oil price meant turnover dropped to Rs 85,384.81 crore in Q2 as opposed to Rs 111,663.81 crore a year ago.
According to a CIL official, a tender document has been drafted by the PSU to set up an IT-enabled system to monitor and evaluate projects.
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