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Coal India raises non-coking coal prices by 8%

Reuters
·1-min read
Workers unload coal from a supply truck at a yard on the outskirts of Ahmedabad

BENGALURU (Reuters) - State-owned miner Coal India said on Tuesday that it has raised prices of non-coking coal by 8% for high grades, effective May 31.

The revision of prices will add an extra revenue of 27.03 billion rupees in the balance of the financial year ending March 2024, the miner said.

Coal India said its production till March 30, 2023 was 700.4 million tonnes (MTs), a 13% growth from the period ended March 30, 2022.

Shares of Coal India closed 0.73% down on Tuesday ahead of the announcement.

(Reporting by Hritam Mukherjee in Bengaluru)