Coal India Price Hike: Coal India Ltd (CIL), the PSU contributing the lion’s share of the country’s coal production, on Tuesday announced higher rates of the dry fuel for regulated and non-regulated sectors. The new rates, approved by the CIL board on April 1, will come into force on April 16, the public sector company said.
Coal India Announces Rate Hike—See details here
The price under the non-coking category is hiked by Rs 10 to Rs 20 per tonne.
The rate of Rs 10 per tonne will be applicable under the coking category.
Coking coal—also referred to as metallurgical coal—is used to produce coke, which is used as an input in steelmaking. On the other hand, non-coking coal—also known as thermal coal—is mainly used for industrial applications such as power generation.
What does Coal India’s rate hike mean?
The new rates will be applicable to the outward supplies of the fuel with effect from April 16.
The prices are applicable to regulated and non-regulated sectors.
When will the CIL rate hike take effect?
The changes will take effect from the midnight of April 15 and 16, according to the PSU.
“CIL board at its meeting held on date, inter alia approved enhancement of notified price of coal by Rs 10 per ton i.e from existing Rs 10 per ton to Rs 20 per ton for non-coking and Rs 10 per ton for coking coal for regulated and non-regulated sectors across CIL towards contribution to the corpus of CMPS-1998,” Coal India wrote in a regulatory filing post-market hours on April 1.
The Coal Mines Pension Scheme, 1998, is a special pension scheme that offers post-retirement benefits to former coal mining employees.
Administered by the Coal Mines Provident Fund Organisation (CMPFO), the CMPS programme supersedes the Coal Mines Family Pension Scheme.
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Coal India Share Price Latest News
Coal India shares slipped into the red after a mildly positive start to the day on April 2.
At 1:45 pm, the stock was trading lower by Rs 2.3, or 0.6 per cent, at Rs 395.8 apiece on BSE.
How CIL shares have performed 2025 YTD
At current levels, the Coal India stock has risen about 2.5 per cent so far in 2025, outperforming a 2 per cent gain in the headline Nifty 50 index.
The stock exited 2024 with a meager 2.1 per cent return, underperforming the headline index’s 8.8 per cent gain.
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