A fund manager working for a mutual fund who tracks PSUs is very optimistic on Coal India. The largest coal miner in the world has reported a net profit of Rs. 5622.25 crore for the first half of the current fiscal against a net profit of Rs. 3194.94 crore for the corresponding period last year. For the entire 2010-11 the company had posted a net profit of Rs. 4696.10 crore. So the net profit for the first half this year is more than that of the whole of the last year. With recent developments in coal mining and marketing the long term outlook for CIL quite promising once the current confusion regarding environmental clearances is cleared up.
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