Coal India incurs Rs 200 crore cash loss daily - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Coal India incurs Rs 200 crore cash loss daily

In April, sales and production dropped 26% and 11%, respectively, compared to April 2019. Dues from state power companies rose to a record ₹16,500 crore towards the end of April from about ₹14,000 crore at the end of March. Before the lockdown, Coal India’s daily cash earnings hovered between ₹260 crore and ₹270 crore. It is now hovering between ₹30 crore and ₹40 crore a day.

from Industry-Economic Times
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