Coal India Ltd.

State-owned Coal India (CIL) has hiked the price of a certain grade of coal from one of its mines in Godda district of Jharkhand. The price hike has been with effect from April 1 as per the decision taken by the Coal India board.

The move to hike prices has been taken to rationalise the price of coal produced from Rajmahal mine of Eastern Coalfields due to reclassification of Grade of Rajmahal mine of Eastern Coalfields and price adjustment.

The company’s board in its 306th meeting held on March 20, 2014 has approved fixation of add-on price in respect of coal produced from Rajmahal mine of Eastern Coalfields at Rs 390 per tonne in place of existing Rs 300 per tonne.

Coal India had in December last year hiked prices of non-coking coal produced by its subsidiary Western Coalfields by 10%.