‘Survival of certain Coal India subsidiaries at stake without price hike’
Mining major Coal India has flagged an urgent need for price hike of the dry fuel, contending that without which, certain subsidiaries would find it difficult to survive, company sources said on Friday.
It is also trying to bring stakeholders on board to build a consensus for hiking prices, they said.
In an effort to tide over inflationary pressure, the miner will likely raise prices after the assembly elections in five states, including Uttar Pradesh, in March, the sources said.
Every day is critical for me. A price hike has become very urgent. For certain subsidiaries, survival depends on it, Coal India Chairman Pramod Agrawal is understood to have told investors on Thursday, they said.
