Kolkata: Coal India has indicated there is a “strong case” for increasing coal prices “very soon” as talks are already under way with stakeholders.
“There is a strong case for increasing coal prices, as that has not happened in the last five-odd years. This year, the wage negotiation has taken place as well, which will have an impact on CIL’s financial condition, especially for a few subsidiaries where the manpower cost is very high,” Coal India chairman Pramod Agrawal said.
Addressing the 16th Indian Coal Markets Conference, organised by mjunction, Agrawal added that there will be a lot of problems, if coal prices are not hiked. “Discussions are underway with stakeholders… It (coal price hike) will happen very soon,” he said.
