Coal India has given its approval for raising coal price to rake in additional revenue of Rs 3234 crore.

The board of Coal India has approved revision of weighted average coal prices by 6.2 percent increase over the current price.

This is going to be applicable to all subsidiaries of Coal India for both regulated and non-regulated sectors.

CIL, on account of this revision will earn an additional revenue of Rs 3234 crore for the balance period of financial year 2016-17.

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