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Coal India Q4 net hit by higher wages
Hit by higher wage expenses, state-owned coal producer Coal India Ltd (CIL) posted a 4.92 per cent decline in consolidated net profit to Rs 4,013 crore for the quarter ended March 31, compared with Rs 4,221 crore a year ago. Net sales for the period, however, rose 29.42 per cent to Rs 19,419 crore over Rs 15,005 crore reported in the year-ago period. “The wage was finalised in the first week
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