State-run CIL is likely to increase coal prices by an
average 10 percent for select blocks of Western Coalfields and Eastern
Coalfields, company officials said.
Coal India's (CIL) senior officials said the quantum of increase is yet to be
decided by respective subsidiary boards, but the company board has approved the
move.
The main reason was to cover the loss after rollback in coal price hike
following shifting to a new international pricing regime based on gross
calorific value (GCV) from January 1 this year.
The rise in price could be 10 percent on an average, an official said.
The move would have direct impact on power costs of the western and eastern
parts of the country.
Cost of power generation by NTPC's Farakka and Kahalgaon units may rise
following hike in prices.
The price increase would help CIL to turnaround the subsidiaries.
Source: Zee News
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