Coal India increases Rajmahal coal price
Coal India Limited has increased prices of Rs 90 per ton of its product from Rajmahal mine of the Eastern Coalfields Ltd (ECL).
'The board of CIL, at its 306th meeting held on March 20, 2014, approved fixation and add-on price in respect of the coal produced in the Rajmahal Mine of the Eastern Coalfields Limited at Rs 390 per ton in place of the existing Rs 300 per ton,' India Coal Market Watch (ICMW) quoting the state owned company assaying. The increase price is effective from April 1.
The hike was effected to rationalise the price of coal produced from Rajmahal mine due to reclassification of grade and price adjustments.
(Posted on 05-04-2014)