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| Exchange Disseminated Time 29/05/2016 08:40:44 | Coal India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 28, 2016 has approved revision of coal prices w.e.f. 00:00 hours of May 30, 2016 appx. 6.29% increase over the current price. This will be applicable to all subsidiaries of Coal India Limited and NEC for regulated and non-regulated sectors. Due to this revision, CIL will earn approx. additional revenue of Rs. 3234 crores for the balance period of financial year 2016-17 i.e. from May 30, 2016 to March 31, 2017.
The Board has also approved the differential price for Non-Regulated Sector at a reduced rate of 20% over the price of Regulated Sector for G6 to G17 grades of coal for all subsidiaries of CIL. |
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