Coal India Hikes Prices Of Coking, Non-Coking Coal
Coal India Ltd. on Tuesday said that its board had approved a Rs 10 increase in prices of its products.
The company's board at its meeting held on the same day, approved enhancement of notified price of coal by Rs 10 per tonne, as per an exchange filing.
As a result, the prices for non-coking coal will rise from the current Rs 10 per tonne to Rs 20 per tonne. Prices of coking coal will also increase by Rs 10 per tonne, the disclosure added.
The new prices will come into effect from April 16, the filing said, adding that it will apply to both regulated and non-regulated sectors across all of the company's operations.
The public sector undertaking said that the additional revenue that it generates thus, will contribute towards the corpus of the Coal Mines Pension Scheme, 1998.
In a separate filing, the coal mining company also informed that PD Sharma, its executive director of materials and contracts, had "relinquished the charge" with effect from April 1.
Shares of Coal India Ltd. closed 0.09% lower at Rs 398.1 apiece on the BSE, compared to a 1.8% decline in the benchmark Sensex.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
