With the price hike behind it, improvement in demand, especially from the power sector, will determine the trajectory of the CIL stockCoal India Ltd (CIL) has announced a much-awaited price hike. With the price hike behind it, improvement in demand, especially from the power sector, will determine the trajectory of the CIL stock. The price hike will fetch the company additional revenue of about Rs.3,234 crore this year. Ltd, will impact coal production in 2016-17 and the firm estimates a 5% growth in production. On average, prices of coal sold through the fuel supply agreement (FSA) route have increased 6.3%.

Source: Mint May 31, 2016 02:15 UTC