Coal India Profit Beats Estimates as Demand Offsets Rising Costs
State-run miner Coal India Ltd.’s first-quarter profit surpassed analyst estimates and rose marginally after higher demand for the fuel helped tide over an increase in costs of key raw materials,...
By Rajesh Kumar Singh · Bloomberg
State-run miner Coal India Ltd.’s first-quarter profit surpassed analyst estimates and rose marginally after higher demand for the fuel helped tide over an increase in costs of key raw materials, such as explosives and diesel, following the Middle East war.