Coal India arm BCCL Q1 loss at Rs 68 crore

Coal India arm BCCL on Wednesday reported a loss of Rs 68.09 crore for the June quarter due to lower revenue and higher expenses. However, the company had reported a profit of Rs 176.87 crore in the year-ago period, Bharat Coking Coal Ltd (BCCL) said in a filing to the BSE. Revenue from operations during the first quarter of the current fiscal year declined to Rs 3,587.27 crore over Rs 3,719.59 crore in the corresponding quarter of the previous fiscal year. In a presentation, BCCL — a Miniratna PSU — said, “The reduction in sales is on account of reduction in outside dispatch from 8.83 million tonnes to 7.81 million tonnes.”

It further said the decrease in other income is primarily attributable to the reduction in provision and liability write-back. The total expenses rose to Rs 3,826.31 crore over Rs 3,654.39 crore in the year-ago period, the filing said.

Bharat Coking Coal Ltd manages an extensive network of open-cast and underground mines across Jharkhand and West Bengal, with a particular focus on the Jharia Coalfield. The company’s operations span various strategic projects, each contributing to BCCL’s mission to meet the country’s coking coal mission while addressing critical fire control measures.