Shares of Coal India gained by 6% at Rs. 303.
The company increased prices of thermal coal by an average 9%.
The Board of Directors of Coal India Ltd in its meeting held on date has approved revision of Non-Coking coal prices. This will be applicable to all subsidiaries of Coal India Ltd including NEC for regulated and non-regulated sectors.
Due to this revision, CIL will earn an incremental revenue of INR 1956 crores for the balance period of financial year 2017-18. projected annual incremental revenue would be INR 6421 crores.