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Board of Coal India approves revision in non-coking coal prices

Capital Market 

At meeting held on 08 January 2018

The Board of Coal at its meeting held on 08 January 2018 has approved the revision of non-coking coal prices with effect from 09 January 2018. This will be applicable to all subsidiaries of Coal including for regulated and non-regulated sectors.

Due to this revision, CIL will earn approx. incremental revenue of Rs 1956 crore for the balance period of FY 2017-18.

The projected annual revenue would be Rs 6421 crore. All add-ons viz for non regulated sectors, WCL, Rajmahal etc would be as per the extant practice.

Coal sales bills would be raised on GCV (Kcal/kg) basis with effect from 01 April 2018 or earlier once the requisite system is ready. Till then, the present mode of raising bill would continue.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 09:37 IST
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