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CIL price revision expects revenue gain in current fiscal

Coal News - Published on Thu, 11 Jan 2018

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Coal India Ltd announced that revision in coal prices, effective immediately, which will result in an estimated revenue gain of INR 1,956 crore in the current fiscal year, and a gain of INR 6,421 crore from the next year. CIL officials said that the aim of the revision is to reduce import of high grade coal.

The state-owned miner had last revised coal prices in May 2016, which led to a revenue gain of INR 3,234 crore in fiscal year 2016-17. The price of high grade coal has been reduced by 1-5%, whereas prices of nine grades have been increased by 3-22%, officials said. The aim is to incentivise consumers to switch from imported to local coal, they added.

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Posted By : Nanda Koijam on Thu, 11 Jan 2018
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