Coal India (CIL) has received approval for revision of Non-Coking coal prices with effect from January 9, 2018. This will be applicable to all subsidiaries of Coal India including NEC for regulated and non-regulated sectors.
Due to this revision, CIL will earn approximately incremental revenue of Rs 1,956 crore for the balance period of financial year 2017-18. The projected annual incremental revenue would be Rs 6,421 crore. All add-ons viz for Non-Regulated sector, WCL, Rajmahal etc would be as per the extant practice.
Besides, coal Sales bills will be raised on GCV (Kcal/Kg) basis with effect from April 1, 2018 or earlier once the requisite system is ready. Till then, the present mode of raising bill would continue.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
Company Name | CMP |
---|---|
Coal India | 440.95 |
NMDC | 234.10 |
GMDC | 402.50 |
Sandur Manganese | 517.80 |
MOIL | 378.55 |
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