PSU NEWS
ECL Raises Coal Price in Rajmahal, increases Rs 300cr revenue generation
Eastern Coalfields Ltd. (ECL) has increased the add-on price of coal in Rajmahal, Jharkhand, effective November 30. The hike is expected to generate an additional Rs 300 crore in revenue for ECL.
ECL Raises Coal Price in Rajmahal, increases Rs 300cr revenue generation
Eastern Coalfields Ltd, a subsidiary of Coal India, announced that it has increased the add-on price of coal in Rajmahal area of Jharkhand to Rs 700 per tonne from Rs 450, effective November 30. The revision reflects adjustments in logistics costs, which are now being passed on to consumers, company officials said.
The hike is expected to generate around Rs 300 crore in incremental annual revenue for ECL, contributing significantly to the company's financials. "This increase aligns with the need to account for higher logistics expenses, ensuring sustainable operations in the Rajmahal area," an ECL spokesperson said.
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