Coal India expects 25 percent rise in full year profit

State-run giant Coal India, seeking to raise up to 3.5 billion dollars in the country’s biggest share sale, expects profits to rise by a quarter in the fiscal year to March 2011, an official said on Wednesday.

The government is to offload 10 percent of the equity it holds in the mining giant through the share sale as part of a plan to raise a record 8.5 billion dollars from state asset sales by March next year.

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