Coal India will raise the price of coal on an average by about 15 per cent to bring in some parity between domestic and international prices. CIL is selling coal at a price lower by 50 per cent compared to the imported price. CIL has decided to raise prices every 18-20 months after the next round. The next round of price hike is likely to cover all sectors. Besides salary hike and inflation, it will take care of the effect of a bill that proposes sharing 26 per cent of profits with the project-affected population. Prices of premium grades of coal—A and B—will be offered at a 15 per cent discount on the global spot prices. The benchmark price will be decided through a complex formula involving calorific value of coal as well as on the basis of Indonesian coal spot prices. The other grades—C to F—will be 30 per cent dearer than earlier notified.
FlashNews:
India to Extend Digitalisation of Public Services to the Power Sector with India Energy Stack
Whoever controls Antariksha (outer space) will rule Prithvi (the world)”: Dr. Subba Rao Pavuluri
Electricity futures key to managing power price volatility”: NSE’s Sriram Krishnan
InfraPandit Awards to Honour Doctoral Excellence in Infrastructure
REC Wins Leading CSR and Sustainability Award for Healthcare Support
HAL Set to Enter New Global Space Race with SSLV Contract Win
Multimodal Logistics: Optimising Assets, Strengthening Supply Chains
Gadkari Announces FASTag Annual Pass to Ease Private Vehicle Movement from Independence Day
Air India 171 Crash: A Definitive Inflection Point for Indian Aviation
REC Reports Strong Profit Growth
GAIL Reports Record Profit Surge
India Calls for Inclusive Energy Governance at BRICS Meet
Mumbai-Ahmedabad Bullet Train’s 300 km Viaduct Milestone
India Revokes Security Clearance to Turkish Firm Çelebi
Major Ports Handle Record Cargo Throughput in FY2025
India Committed to Unlocking Energy Potential: Puri
Gaganyaan Scheduled for 2027 Launch
Defence Budget Set for Rs.500 Billion Top-up
Operation Sindoor: The Indigenous Edge
Home » CIL hikes coal prices by 15 per cent
CIL hikes coal prices by 15 per cent
Coal & Mining
April 1, 2011April 1, 2011

Leave a Reply
You must be logged in to post a comment.