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Coal India hikes prices of non-coking coal by 8%

31 May 2023 Evaluate

Coal India has increased prices of non-coking coal by 8%. The prices are come into effect from May 31, 2023. The Board has approved a price increase of 8% over the existing notified prices for high-grade coal of grade G2 to G10. This will be applicable to all subsidiaries, including NEC, for regulated and non-regulated sectors. 

Following this revision, the company is expecting to earn incremental revenue of Rs 2,703 crore for the balance period of the financial year 2023-24. Thermal coal is a non-coking coal used by power plants to generate electricity. A rise in its prices impacts the power generation cost.

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.

Coal India Share Price

446.10 -5.10 (-1.13%)
11-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 446.10
NMDC 88.43
GMDC 588.50
Sandur Manganese 206.85
MOIL 283.05
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