Lower Rupee To Hurt Coal India Profits
Investing News Network - 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.