Coal India has approved raising coal price to rake in additional revenue of Rs 3234 crore.
Coal India sources said company board has approved revision of weighted average coal prices by 6.2 per cent increase over the current price, from tomorrow.
This will be applicable to all subsidiaries of Coal India for both regulated and non-regulated sectors.
Due to this revision, CIL will earn additional revenue of Rs 3234 crore for the balance period of financial year 2016-17.
CIL has also approved the differential price for Non-Regulated Sector at a reduced rate of 20 per cent against 35 per cent earlier over the price of regulated sector for G6 to G17 grades of coal for all subsidiaries of CIL.
