Coal India First Quarter Profit Declines on Lower Prices

  • Profit fell 14.7 percent year-on-year to 30.7 billion rupees
  • Average price of coal declined 9 percent to 1,338 rupees a ton

Coal India Ltd., the world’s biggest miner of the fuel, reported its first profit decline in four quarters, as lower prices negated gains in output and shipments.

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