Q4FY18 will be better owing to recent price increase: Coal India

Coal India posted a good set of earnings in Q3 as e-auctions surprised positively but fuel supply agreement realisations were a drag. In an interview with CNBC-TV18, Gopal Singh, CMD of Coal India spoke about the results and his outlook for the company.

We have recorded profit Rs 552 crore more this quarter compared to last year same quarter, he said.

Q4FY18 and subsequent quarters will be much better because we have revised our prices, he added.

Our thrust is on the improvement of efficiency, on reduction in costs and not increasing the prices, said Singh.

We have to take care of our stakeholders but at the same time, nation is also very important for us. So by increasing our efficiency and by reducing the cost, there is enough scope to reduce the cost of production of coal and days are going to be very bright for Coal India family, he further mentioned.

For full interview, watch accompanying video...