Kolkata. Coal India Ltd., the leading company in the mining sector, can announce a hike in coal prices. In fact, the company may increase dry fuel prices by at least 10-11 per cent to offset the impact of increased cost and pending changes in wages. The Kolkata-based mining company last increased coal prices in 2018. Its current average regulated price realization is Rs 1,394 per tonne.
Why was the price of coal not increased for many years?
Under the Fuel Supply Agreement, there has been no increase in the price of coal for the last few years. Sources said that the cost has increased due to the change in wages everywhere. In such a situation, the need is felt to increase the prices of coal by at least 10-11 percent to avoid reduction in total income. He said that Coal India has discussed the matter informally with the board members.
read this also- Good news for government employees! Central government will give a gift of Rs 2,18,200 in October, know how
Board members accepted the need to increase prices
Most of the board members of Coal India have acknowledged the need for hike in coal prices. Earlier, Coal India Chairman and Managing Director Pramod Agarwal had recently said that the cost of the company has increased. So there is no reason why it should not increase the prices of dry fuel. He had said that the company is considering a hike in coal prices.
Read Hindi News online and watch Live TV on Hindi website. Know news related to country and abroad and your state, Bollywood, sports world, business.