Coal India CMD hints at price hike due to increased costs

NEW DELHI: The costs of Coal India have gone up and there is no reason that the state-run company should not increase the price of the dry fuel, the PSU’s chairman and managing director Pramod Agarwal said.

With regard to coal price, he said Coal India (CIL) is in discussion with all the stakeholders and in general everybody is on board.

“Coming to the price point…because our costs have increased everywhere so there is no reason that CIL should not increase the price,” the CMD said.

He was speaking during the Q1 FY22 earnings conference call.