Coal India's Q4 profit falls 17% on higher provisions for wage hike

Coal India Ltd reported a 17.3% fall in fourth-quarter profit on Sunday, as the world's largest coal miner made higher provisions for wage hikes.Consolidated net profit fell to 55.33 billion Indian rupees ($677.07 million) in the three-months ending March 31, compared with 66.93 billion rupees a year earlier, the state-run company said in an exchange filing.

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