Coal India Reaches Record as Price Increase May Lift Earnings

- May 9th, 2011

Bloomberg 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.

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