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Coal India Reaches Record as Price Increase May Lift Earnings
May. 09, 2011 06:40AM PST
Industrial MetalsBloomberg reported that shares of Coal India (BOM:533278) are up due to expectations that the company’s first quarter earnings will be higher.
Bloomberg reported that shares of Coal India (BOM:533278) are up due to expectations that the company’s first quarter earnings will be higher.
The market news is quoted as saying:
The company raised prices by 30 percent for certain grades on Feb. 27., which will increase revenue by 6.5 billion rupees in the year ended March 31, it said in a statement on Feb. 28.