CIL increased non-coking coal prices by 8%; expects Rs 2703 Cr Revenue

Due to this revision, CIL will earn approx. incremental revenue of Rs 2703/- crores for the balance period of the financial year 2023-24. 

CIL increased non-coking coal prices by 8%; expects Rs 2703 Cr Revenue
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New Delhi: The Board of Directors of Maharatna and the largest Coal producing PSU in India, Coal India Limited (CIL) at its meeting held on date has approved the revision of Non-Coking coal prices w.e.f. 31st May 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 of Coal India Limited including NEC for regulated and non-regulated sectors. 

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Due to this revision, CIL will earn approx. incremental revenue of Rs 2703/- crores for the balance period of the financial year 2023-24. 

The company also mentioned that all add-ons would be as per the extant practice and the information provided by the company at its regulatory filling is for the records. This is in terms of Regulation 30 of the Listing Regulations 2015

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