Lower Rupee To Hurt Coal India Profits

- December 16th, 2011

MarketWatch reported that weakness in the rupee may negatively affect profits for Coal India (BSE:533278).

MarketWatch reported that weakness in the rupee may negatively affect profits for Coal India (BSE:533278).

As quoted in the market news:

Nirmal Chandra Jha, interim chairman of the state-run company, said that his company spends about INR30 billion each year to purchase mining equipment, with around 25% of this used abroad in orders from companies like Caterpillar Inc.

Click here to read the full MarketWatch report.

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