Coal India says will generate additional annual revenue of Rs 527 crore on revised charges

4 September 2017

State-run miner Coal India Limited (CIL) on Friday announced it will garner additional annual revenue of Rs 527 crore on account of a slew of revised charges.

The company’s board in its meeting on Thursday approved revision in sizing charges, Rapid Loading Silo (RLS) charges, additional charges and the charges for supply of Slack and Steam coal.

“Due to this revision, CIL will generate approximate additional annual revenue of RS 527 crore,” the company said in a filing at the Bombay Stock Exchange (BSE).

Coal India had reported net profit of Rs 32.18 crore during the quarter ended June on total income of Rs 187 crore.

Source-ETEnergyworld