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Coal India Earnings Miss Estimates

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August 5: Coal India, the world's biggest coal miner, is in the red for the first time in five quarters. With profit falling 17% at Rs.3,731 crore, we ask Coal India Chairman Narsing Rao what led to this decline in earnings. “An increase in sales at notified prices to the power sector hit realisations, while a higher cost of production, due to the diesel price hike, hammered profits,” he explains.