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The board of directors of Coal India Ltd (CIL) has approved ‘add on’ over the notified prices of North Eastern Coalfields (NEC) coal ranging from G-1 to G-5 grade effective September 27.
Due to this revision, CIL will earn an approximate additional revenue of Rs 107 crore annually and Rs 82 crore for the balance period of FY-19, the company said in a notification to the bourses on Wednesday.
The overall impact of the increase in ‘add on’ over NEC price on the power sector will be negligible. The decision was taken at the 372nd meeting held on September 25.
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