CIL might hike coal prices by 10-11% to tide over cost push, wage revision

Kolkata: Mining major Coal India NSE 4.10 % Ltd might raise prices of the dry fuel by at least 10-11 per cent to mitigate the impact of increased costs and an impending wage revision, sources close to the development said. The Kolkata-headquartered company had last hiked coal prices in 2018. Its current average regulated price realisation is Rs 1,394 per tonne.

“There has been no price rise of fuel supply agreement coal since the last few years. Costs have jumped on all fronts and a wage revision is due. A minimum 10-11 per cent increase is necessary to avoid bottomline erosion.