Coal India hikes prices of high-grade fuel by 8%; stock falls 2%
The price hike is expected to generate incremental revenue of ₹2,703 crore for the balance period of financial year 2023-24, says CIL
The price hike is expected to generate incremental revenue of ₹2,703 crore for the balance period of financial year 2023-24, says CIL
“Mining sector reforms providing the right fillip to economic growth”, said Finance Minister Nirmala Sitharaman
If coal stocks are not replenished to adequate levels before this year's monsoon, the country might be heading towards yet another power crisis in July-August 2022, says a CREA report.
The stock of this state-owned company has risen 20% in the past one month and 32% since the beginning of the calendar year 2022.
The Cabinet Committee on Economic Affairs takes a decision to allow private sector to procure coal mines for non-captive requirements. But will it attract the likes of Rio Tinto, BHP Biliton or even Vedanta?