KOLKATA: The largest miner Coal India's price rise will increase power tariff as impact on regulated sector coal is 8 per cent.
While the overall price hike would be about 6.2 per cent, the effect on regulated (power) sector would be about 8 per cent, sources told PTI.
Coal India has revised low grade coal price up to 19 per cent. Revision of coal price will fetch it additional revenue of about Rs 3,900 crore.
But, the soft global coal forced Coal India to stay competitive with imported coal and has reduced price between two and 29 per cent.
Sources said, "existing price of G1 to G-5 has been reduced from 2 per cent to 29 per cent to make it competitive with international coal".
Source:economictimes.indiatimes.com
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