Coal India Gains After Increasing Prices of Some Fuel Grades

By
Rajesh Kumar Singh
  • Net 6.3% increase will add 32.3 billion rupees to FY17 revenue
  • Coal price change to help pay for salary revision: chairman

Coal India Ltd., the world’s biggest producer, jumped the most in more than three months after raising prices of lower grades of the fuel and cutting rates on higher grades for a net increase of 6.3 percent, the first price revision across all of its production in three years.

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