Coal India raises price of non-coking coal

The increase in prices would lead to incremental revenue of 2,703 crore for the remaining period of the current fiscal (FY24).

Staff writer
Updated30 May 2023, 11:30 PM IST
On 26 January, Mintreported CIL is weighing increasing the price of coal. (Mint)
On 26 January, Mintreported CIL is weighing increasing the price of coal. (Mint)

New Delhi: A week after approving its new wage agreement allowing higher allowances and benefits for non-executive employees, Coal India Ltd (CIL) raised the price of non-coking coal by 8%.

In a regulatory filing, the company said the revision would come into effect from 31 May. This is the first hike in the price of non-coking coal in five years. The last hike in the prices of non-coking coal was carried out in 2018.

The increase in prices would lead to incremental revenue of 2,703 crore for the remaining period of the current fiscal (FY24). “This will be applicable to all subsidiaries of Coal India, including NEC for regulated and non-regulated sectors,” it said.

On 26 January, Mintreported CIL is weighing increasing the price of coal.

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First Published:30 May 2023, 11:30 PM IST
Business NewsCompaniesNewsCoal India raises price of non-coking coal

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