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Board of Directors of Coal India approves 'add-on' over notified price of NEC coal

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Capital Market
Last Updated : Sep 26 2018 | 12:50 PM IST

At meeting held on 25 September 2018

The Board of Directors of Coal India in its meeting held on 25 September 2018 has approved 'add on' over notified price of NEC coal G-1 to G-5 grades prices w.e.f. 00:00 hours of 27 September' 2018. Due to this revision, CIL will earn an approx. additional revenue of Rs 107 crore annually and Rs 82 crore for the balance period of financial year 2018-19. Due to this increase in add on of NEC price the overall impact on the power sector will be negligible.

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First Published: Sep 26 2018 | 12:30 PM IST

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