Coal India (CIL) today said it expects to review the price of regulated coal meant for core industries in the next three months.
"Within the next three months we will be able to get indications of the wage hike impact on us and then we will look into price of regulated coal price," CIL chairman NC Jha said here today at the AGM of Indian Coal Merchants' Association.
Regulated coal for the core sector accounts for almost 77% of total coal offtake for CIL. The world's largest miner will take up coal price for all grades except A and B.
In February, the price of grade A and B coal was hiked by 150% and some other grades for non-regulated consumers.
Jha said coal price for the regulated sector was not touched for the last two years.
Reacting to the Cabinet approval for 26% profit sharing for mining, Jha said, "If it is a government decision then we will have to implement it."
Coal Mining shows that there are many companies answers to the call of a cleaner coal to help the environment preserve it's purity and as well as the coal industries longevity. Both must work hand in hand to see the sky rocket success in the coal prices and green house effect. Cherry of www.coalportal.com
ReplyDeleteThere is no doubt there are many hidden costs of mining both thermal coal and metallurgical coal which don't always make coal market news. www.coalportal.com
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