NEW DELHI: Coal India Ltd has raised some prices of the fuel used to fire power plants for the first time in about a year-and-a-half, as the world’s biggest coal producer shores up efforts to pay for higher salaries. Shares jumped.
Higher prices would boost the company’s revenue by about 19.56 billion rupees (US$308mil) in the financial year ending March 31 and annual revenue by 64.21 billion rupees, it said in an exchange filing.
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