Financial Daily from THE HINDU group of publications
Wednesday, Jan 04, 2006


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Corporate - Performance


Eastern Coalfields posts operating profit

Our Bureau

Kolkata , Jan. 3

EASTERN Coalfields Ltd (ECL) has also joined the league of profit-making subsidiaries of Coal India Ltd (CIL), recording an operational profit of around Rs 43 crore during April-December 2005 against a loss of about Rs 242 crore for the same period of previous fiscal. The company anticipates a profit of around Rs 250 crore on a total production of about 31.5 million tonnes (mt). This is for the first time since inception that ECL has earned an operational profit.

According to the Chairman & Managing Director of ECL, Mr Deepak Chakraborty, the company made a positive growth of 9.5 per cent in coal production during the period under review compared to the same period last year, which is said to have been the highest growth made by any of the subsidiary companies of CIL in the said period of the current fiscal.

The company expects to turn its net worth positive during 2009-10 and will come out of BIFR from that date.

Mr Chakraborty said that the company has firmed up an investment plan to expand the capacity of the Rajmahal opencast mine from 10.5 mt to 17 mt per annum.

More Stories on : Performance

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
ITC to invest $1 b in e-Choupal infrastructure


Toyota sells 32,000 units of Innova in 2005
Aurobindo HIV drug gets USFDA nod
Shell LNG terminal loses only customer
Mazda bags Rs 4.3-cr order from Siemens
Igarashi Motors to make pref offer at Rs 214 a share
7.5:100 swap ratio proposed for REVL merger with REL
Total value of M&A, PE deals in 2005 at $18.2 b
Kerala Minerals to produce titanium sponge for ISRO
Royal Orchid plans IPO to fund expansion
Africa promises bed of roses for floriculture sector
D S Kulkarni to develop building projects in US
Eveready Ind forays into mosquito repellent market
Henkel Spic eyes Rs 430-cr turnover
Tatas working on new LCV; production likely from Jan 2007
ONGC facing problems in Sunderbans — Unable to find sites for 3 wells
BCCL achieves breakeven, set to post Rs 70-cr net this year
Eastern Coalfields posts operating profit
Eveready posts 35 pc growth in tea business
Hyundai sales up 17.26 pc in 2005
Kerala Minerals achieves record production, turnover


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line