Coal India incurs Rs 200 crore cash loss daily

Coal India incurs Rs 200 crore cash loss daily

Kolkata: Coal India is incurring daily net cash losses of ₹190-200 crore as sales are down and customers are delaying payment. Before the lockdown, it managed daily cash profits of ₹50-60 crore. Executives said the company will struggle to pay for regular expenditure, half of which goes to pay salaries. In April, sales and production […]