Coal India Ltd (CIL) has announced a uniform levy of ₹300 per tonne across all mines of its subsidiary, Northern Coalfields Ltd (NCL), effective from May 1, 2025.
The move, approved by the CIL board, is expected to generate additional revenue of approximately ₹3,877.50 crore.
The charge, named the “Singrauli Punarasthapan Charge,” will be imposed over and above the notified coal prices, as per a regulatory filing with stock exchanges.
Meanwhile, shares of Coal India closed at ₹363.85 on the BSE, up 0.73% from the previous session.
Global brokerage JPMorgan maintained a ‘neutral’ rating on the stock, lowering its target price to ₹395 from ₹430 per share, citing multiple headwinds.
Also read: This Coal India analyst will turn constructive on the stock if it falls below a key level
JPMorgan, on Tuesday, highlighted concerns over softening international thermal coal prices due to oversupply, weakening power demand in India since August 2024, and a resulting slowdown in production volume growth.
It also pointed to rising coal dispatches from captive mines, leading to a market share decline for Coal India.
