CIL cuts top-grade coal prices by up to 40percentage
Coal India Limited (CIL) has cut prices of top grades of coal by up to 40 per cent on the back of more than adequate coal production as well as about 58 million tonne (MT) of stock pile. The decision to cut prices of high energy content coal by 10-40 per cent for both power producers and non-power producers for the first time in three years, follows a global price crash of the commodity.
Experts are speculating that the price cut offer is being introduced on an experimental basis and will remain valid for the entire fiscal year 2016-17.
Contact: Coal India Limited