Latest News | ECL Revises Add-on Price of Coal in Rajmahal Area, Additional Revenue of Rs 300cr Likely

Kolkata, Nov 29 (PTI) Eastern Coalfields Ltd, a subsidiary of Coal India, announced on Friday that the add-on price of coal in Rajmahal area of Jharkhand will increase to Rs 700 per tonne from Rs 450, effective November 30.

The revision reflects adjustments in logistics costs, which are now being passed on to consumers, company officials said.

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The hike is expected to generate around Rs 300 crore in incremental annual revenue for ECL, contributing significantly to the company's financials.

"This increase aligns with the need to account for higher logistics expenses, ensuring sustainable operations in the Rajmahal area," an ECL spokesperson said.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)