Kolkata: Coal India chairman Pramod Agrawal on Tuesday said the miner has not raised prices of the dry fuel in the last four years to ensure its supply at competitive prices to consumers compared to the international market.
He said that the CIL is trying to list subsidiaries Bharat Coking Coal (BCCL) and Central Mine Planning and Design Institute (CMPDI), but asserted that there was no question of demerging them. The coal PSU has eight subsidiaries.
Addressing shareholders at the company’s 48th AGM, Agrawal said that the CIL is committed to increasing its production and supplies to the mandated levels to ensure that the country gets power at a “just” price. Coal India meets 80% of the country’s dry fuel requirement. “At a time when international coal prices are much higher, Coal India continues to supply its coal to Indian consumers at highly competitive prices, with no price increase over the last four years,” Agrawal said in his address.
