January 10, 2018 8:11 AM

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Coal India hikes prices for both power & non-power consumers

State-run Coal India has hiked thermal coal prices for both power and non-power consumers with immediate effect. <br/><br/>The board of Coal India Ltd in its meeting approved revision of non-coking coal prices with effect from yesterday, Coal India said in a filing to BSE, without disclosing the quantum of increase.<br/><br/>The price revision will result in an incremental revenue of 1,956 crore rupees for the remaining period of 2017-18 fiscal while total revenue will be 6,421 crore rupees, Coal India said.<br/><br/>Power producers said the price hike will increase electricity tariffs. Indian Captive Power Producers Association Secretary Rajiv Agrawal said that the coal price increase would result in 30-50 paise/per unit rise in power tariff.

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