Reported a 45% year-on-year rise in its December quarter revenue to Rs 1,45,685 crore, led by higher realisation in its core oil and gas business.
Promoter Sundaram Clayton on Friday sold around 95 lakh shares or 2% stake in the company at an average price of Rs 635.97 apiece via open market transaction on the BSE.
The country’s largest lender expects to recover around Rs 8,000 crore from written-off accounts, including from NCLT resolved cases, in the current fiscal ending 31 March.
The total dividend payout by Coal India during the current fiscal is likely to be higher than what was paid out in 2020-21 as the miner is expected growth in profit.
The company plans to invest around ₹7,500 Cr over the next 18 months on acquisition and development of estate projects, hence it is sitting on a huge cash pile.
Automobile company will declare its December quarter results on Monday. Its expected that company to report a year wise decline in net profit bcz inflation.