Coal price hike remains difficult for CIL: Chairman tells analysts
Coal India on Thursday informed investors that increasing coal prices remains difficult in the current context when the economy is grappling with high inflation.
The miner was seeking to raise prices to mitigate high input costs on account of high diesel and explosives prices, among others. Coal India has not raised prices in the last four years.
“All stakeholders are not coming on board,” Coal India chairman Pramod Agrawal told analysts, responding to questions on coal price.
Coal India was rather focussing on ramping up production and cost control to overcome the cost pressure.
The miner posted its best-ever profit for the April-June quarter, backed by high demand for coal.
