New Delhi, April 8 -- Coal India will have to shell out around Rs.38,000 crore to mineral-rich states over the coming years following a Supreme Court ruling that allowed states to levy taxes on mineral rights and mineral-bearing lands retrospectively, official sources told Financial Express.

The financial hit largely falls on two of Coal India's subsidiaries-Mahanadi Coalfields Limited and Central Coalfields Limited-according to the company's chairman and managing director P M Prasad.

He also clarified that the company would not need to pass the burden onto consumers.

"We may have some 10-20% loss but will be able to recover the rest," he added.

For the full financial year FY24, the figure stood at Rs.1.42 lakh crore.

It granted stat...