The Coal Minister, Mr Sriprakash Jaiswal, on Wednesday said
CIL's new pricing mechanism will be reviewed on January 20 and will come out
with a solution in the next seven days so that the increase in rates is not
more than required.
“Price fixed by them (Coal India), in my opinion, is more
than required,” Coal Minister Mr Sriprakash Jaiswal told reporters here after a
meeting with top executives from the power sector.
The meeting was attended by Mr Anil Ambani of Reliance ADAG
Group, Mr Cyrus Mistry of Tata Group, Essar's Mr Shashi Ruia, Mr Ashoka Hinduja
of Hinduja group among others.
Mr Jaiswal added that “this (the new pricing mechanism) will
be reviewed on January 20. We will come out with a solution within a week of
the review, so that there should not be overall price increase or the increase
should not be more than required, if it is necessary for certain grades (of
coal).”
Leave a Reply