Deals
Coal India Fourth-Quarter Profit Beats Estimates on Prices
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Coal India Ltd., the world’s largest producer of the fuel, posted profit that beat analysts’ estimates after joining mining companies in China in increasing prices as demand surged in the fastest-growing major economies.
Net income in the three months ended March 31 was 42.2 billion rupees ($931 million) and sales were 150.2 billion rupees, Chairman N.C. Jha said in Kolkata yesterday, without providing year-earlier figures. The mean estimate of 10 analysts surveyed by Bloomberg was for a profit of 37.1 billion rupees.