Coal India Limited — Important, 29-11-2024: General Updates

The Board of Directors of Coal India Limited has approved the revision of the Add-on Price for coal in the Rajmahal Area of its subsidiary, Eastern Coalfields Limited, increasing it from ₹450 per tonne to ₹700 per tonne, effective 30.11.2024. This change is expected to generate an incremental revenue of approximately ₹300 crore annually for Eastern Coalfields. This strategic move could enhance financial performance and indicates a potential growth opportunity for Coal India as it adjusts pricing to optimize revenue from its operations.