Coal India expecting revenue growth of 6% over the next three fiscal years

New wage structure to hit finances but pricing formula might provide some relief

India’s national coal mining company Coal India is expecting revenue growth to the tune of 6 per cent in the next three fiscals. The nominal growth is on the back of financial burden of the increased labour wage and salaries of executives and new pricing formula.

Senior Coal India officials said the total financial burden of the wages and executive salary is Rs 7,000 crore. “The PBT this fiscal would be same as last year. But we expect a healthy revenue growth of 5-6 per cent for another 2-3 years,” said the official.

Breather could come from the new pricing