Coal India Ltd (CIL) has posted a 12.9 per cent rise in consolidated net profit for 2010-11 to Rs 10,867.5 crore compared to Rs 9,622.5 crore in the last year. Net sales for the year also increased to Rs 50,233.6 crore, posting a 12.6 per cent rise of Rs 44,615 crore.The year marked the debut of the company in capital markets and its rise as one of the largest companies in terms of market capitalisation.
The world largest coal producer is, however, set to import coal during this year. The production this financial year stood 431.3 million tonne (mt) compared to 431.3 mt with an increase of 0.01 per cent. The coal off take for the year increased 2.01 per cent to 424.5 mt against 415.88 mt.
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