Coal India has received an approval for revision of raw non-coking coal sizing charges for different sizes and rapid loading charges with effect from December 17, 2013. This will be applicable to all subsidiaries of Coal India for regulated and non-regulated sectors. Due to this revision, CIL will earn approximately additional revenue of Rs 197.21 crore for the balance period of financial year 2013-14. The board of directors at its meeting held on December 16, 2013 has approved for the same.
Coal India, one of India's biggest companies by revenue, has monopoly rights over exploitation of coal reserves. Accounting for more than 80% of domestic production, the company has been facing heavy criticism for not being able to meet demand, forcing those who need the fuel to seek recourse to costly imports.
Company Name | CMP |
---|---|
Coal India | 469.70 |
NMDC | 280.05 |
GMDC | 435.15 |
Sandur Manganese | 541.10 |
MOIL | 550.80 |
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