Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Coal India Ltd (CIL) posted a 73 per cent rise in net profit to Rs 2,593 crore in the July-September quarter compared with the same period last year, riding primarily on higher interest income from Rs 45,000 crore of cash reserve.
