Coal India net profit up 9% on higher sales

However, the realisation was higher at Rs 2,647 per tonne during the current fiscal compared to realisation of Rs 2,497 per tonne from e-auction coal sale in the corresponding nine months of 2011-12.

Rao said there was need for higher railway rake allocation for the miner despite there had been a rise of 10 per cent during the quarter under review.

The pithead stock of coal had increased to 47 million tonne as on December, the company said.

Asked about price-pooling, Rao said no final decision had been arrived.

CIL which so far has not decided to import coal to meet the power sector demand had said so far 55 FSAs had been signed.

The cash reserve of the state owned company was at Rs 65,325 crore as on December 2012.

Meanwhile, the standalone net profit of the company for the quarter ended December 31, 2012 was at Rs 1,696.9 crore, registering a growth of 39 per cent.

The PSU's standalone net profit stood at Rs 1,219 crore in the December quarter of FY12, the company said.

The standalone net sales of CIL in the November-December quarter went up to Rs 90 crore, over Rs 71 crore in the same period of last financial year.