Epic Research

Monday, December 30, 2013

EPIC UPDATE : COAL INDIA

CEpic Update Coal Indiaoal India has received an approval for an additional 10% increase on the notified price for subsidiaries other than Western Coalfields (WCL) applicable with effect from May 28, 2013 on the existing notified price of non-coking coal of WCL of G-6 to G-17 bands with effect from December 17, 2013. Due to this increase, WCL will earn approximately additional revenue of Rs 139.84 crore for the balance period of financial year 2013-14.

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