Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Coal India raises coal prices for select customers
Coal India (CIL) announced that it will raise coal prices effective February 27, 2011, for
some of its customers. CIL has not increased its tariffs for the power, fertiliser and defense
sectors (which account for ~80% of CIL’s coal consumers). The company raised coal prices
to pass on the anticipated rise in wage and dearness allowances. The hike was broadly in
line with our expectations. Hence, we maintain our Neutral stance on the stock.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Coal India raises coal prices for select customers
Coal India (CIL) announced that it will raise coal prices effective February 27, 2011, for
some of its customers. CIL has not increased its tariffs for the power, fertiliser and defense
sectors (which account for ~80% of CIL’s coal consumers). The company raised coal prices
to pass on the anticipated rise in wage and dearness allowances. The hike was broadly in
line with our expectations. Hence, we maintain our Neutral stance on the stock.
No comments:
Post a Comment