The State-run utility, Coal India (CIL) may increase Coal prices
in the first quarter of the next fiscal that starts in April to offset the wage
raise, coal secretary Alok Perti said.
India's coal minister Sriprakash Jaiswal had previously said
that the new GCV based pricing mechanism will be reviewed after Jan-Mar
quarterly results.
So, industry experts believe that CIL might go for an upward
revision in prices after March in order to offset the wage hike announced in
Jan-Feb. However, the GCV mechanism would remain the basis for computing coal
prices and there would not be any changes in the same.
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