Coal India on Monday said there is a “strong case” for increasing coal prices “very soon” as discussions are already underway 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.
