Coal India hike prices

Kolkata Jan 9 (IANS) The Coal India board on Tuesday approved non-coking coal price hike for both power and non-power consumers.

The price increase is expected to push the miner s revenue up by Rs 1 956 crore for the remaining period of the current fiscal.

The price revision is effective from Tuesday and the projected incremental annual revenue would be Rs 6 421 crore.

"The board has approved revision of non-coking coal prices with effect from January 9. This will be applicable to all the subsidiaries of Coal India including NEC for regulated and non regulated sectors " the miner said in a late night filing on Monday.

"Due to this revision Coal India will earn approximately an incremental revenue of Rs 1 956 crore for the balance period of the current fiscal (2017-18) and the projected annual incremental revenue would be Rs 6 421 crore " an official said.

--IANS
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