Tuesday, 9 January 2018

Sensex, Nifty, Midcap Off Record Highs; Coal India Extends Gains

Share price of Coal India added more than 5 percent in the early trade as the company has revised non-coking coal prices.

The company is it meeting held on January 8 has approved revision of non-coking coal prices effective from January 9.

The revised prices would be applicable to all subsidiaries of Coal India including NEC.

Due to the revision, the company will earn an approximately incremental revenue of Rs 1,965 crore for the balance period of financial year 2017-18.

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