RE: Prices23 Sep 2025 20:12
India's finance minister hiked consumption levies on coal to 18% from 5% on Wednesday. However, buyers no longer have to pay a flat carbon tax of 400 Indian rupees ($4.57) a metric ton, known as a cess.
"We anticipate an increase in demand for locally mined coal as the elimination of the cess makes it cheaper despite the higher consumption tax," said Ashis Kumar Pradhan, senior analyst at consultancy Wood Mackenzie.
Prices of power plant-grade fuel sold by Coal India (COAL.NS), opens new tab, which produces three-quarters of Indian output, will now be 8.1%-19.8% cheaper for utilities and 5.6%-16.7% cheaper for other users such as smelters, according to Reuters calculations based on Coal India and Wood Mackenzie data.
Is seems like a concerted effort by the company to keep the shareprice suppressed, only logical reasons
1) Guptas planning to increase their stake / total buyout.
2) Planned share buyback using the ever increasing cashpile they are sat on.