ECL Raises Coal Price in Rajmahal, Adds Rs 300cr Revenue
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.
Photograph: Amit Dave/Reuters
Kolkata, Nov 29 (PTI) Eastern Coalfields Ltd, a subsidiary of Coal India, announced on Friday that the add-on price of coal in Rajmahal area of Jharkhand will increase 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.
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.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone-Idea-L
- 11.65 (+ 3.56)
- 106772451
- Alstone-Textiles
- 0.28 ( -3.45)
- 44187760
- Mangalam-Industrial
- 0.88 ( -2.22)
- 39177573
- Sunshine-Capital
- 0.27 (+ 3.85)
- 35956340
- GMR-Airports
- 104.40 (+ 6.37)
- 30453005
MORE NEWS
© 2025 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback